Dollar Hits 33-Month High Vs. Mark

The dollar hit a 33-month high against the mark Tuesday, resuming its climb despite a consensus among global financial leaders that the U.S. currency has reached an appropriate level.

Widespread mark weakness and an underlying demand for dollars fed the U.S. currency’s advance, just 72 hours after the seven richest industrialized nations said that the dollar’s reversal from its historic lows two years ago was complete.

Even Treasury Secretary Robert Rubin’s warning last Friday of an overpriced dollar couldn’t halt its climb.

Exchange Currency in Dollars Dollar in foreign currency Canada .7380 1.3550 France .1766 5.5.6610 Germany .5964 1.6766 Great Britain 1.6369 .6109 Italy .000609 1641.25 Japan .008120 123.15 Mexico .128452 7.7850