Rubin Remarks Bolster Dollar

The dollar touched a 28-month high against the mark and rose in most other foreign-exchange dealings Monday after Treasury Secretary Robert Rubin reaffirmed his support for a strong U.S. currency.

It was the first time this year that a high-ranking Clinton administration official has publicly reiterated the longstanding U.S. position on the dollar, and came against a backdrop of growing global demand for the currency due to the health of the U.S. economy and stock market.

Exchange Currency in Dollars Dollar in foreign currency Canada .7416 1.3485 France .1867 5.3555 Germany .6295 1.5886 Great Britain 1.6739 .5974 Italy .000648 1544.00 Japan .008588 116.44 Mexico .127910 7.8180