Dollar Drops On Stock Plunge

The dollar suffered its worst drop against the German mark in 2-1/2 months Monday and lost its entire day’s gains to end flat vs. the Japanese yen after the U.S. stock market’s record plunge.

In furious trading, the dollar also tumbled to a three-month low vs. the British pound after Britain said it would not join Europe’s planned common currency in 1999.

The dollar also rose sharply vs. the Mexican peso as financial worries spilled into Latin American markets.

Exchange Currency in Dollars Dollar in foreign currency Canada .7166 1.3955 France .1693 5.9072 Germany .5685 1.7591 Great Britain 1.6570 .6035 Italy .000581 1722.00 Japan .008221 121.64 Mexico .127065 7.8700