Dollar Bounces, But Little Changed

The dollar tumbled then rebounded to end little changed Monday in the aftermath of a weekend Group of Seven financial summit that suggested the U.S. currency’s prolonged rally is over.

Its showing as trading wound down masked one of the widest one-day swings in the dollar since the currency began its ascent from postwar lows against the Japanese yen and German mark nearly two years ago.

“There was a lot of scrambling on the downside, and a lot of scrambling back up,” said Gary Sakamoto, vice president of foreign exchange at the National Australia Bank’s New York branch.

Exchange Currency in Dollars Dollar in foreign currency Canada .7387 1.3538 France .1790 5.5880 Germany .6039 1.6560 Great Britain 1.6507 .6095 Italy .000616 1624.00 Japan .008145 122.78 Mexico .128403 7.7880