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Dollar Hits 10-Month Low Vs. Pound

Tue., Nov. 11, 1997, midnight

The dollar Monday dropped to a 10-month low against the British pound and a 5-1.2-month low vs. the Swiss franc, but inched to a second straight six-month high against the Japanese yen as traders turned to safer currencies amid Asia’s economic turmoil.

The dollar finished essentially flat against the German mark as both currencies rose against the yen, but neither posted a significant gain.

Exchange Currency in Dollars Dollar in foreign currency Canada .7108 1.4069 France .1750 5.7155 Germany .5856 1.7077 Great Britain 1.6961 .5896 Italy .000598 1672.75 Japan .008039 124.40 Mexico .120192 8.3200

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