Dollar Slips On Hints Of Rate Hike

The dollar declined against major currencies Wednesday after Germany’s central banker said in published remarks that the Bundesbank is “quite certainly not interested in having a weak mark.”

On Tuesday, the dollar set a nearly two-week high against the mark after the Bundesbank decided to leave interest rates alone.

But the remarks by Bundesbank President Hans Tietmeyer, published in the German weekly Die Woche and released Wednesday, signaled to traders that Germany may raise interest rates to defend its currency after all.

Exchangge Currency in Dollars Dollar in foreign currency Canada .7224 1.3842 France .1633 6.1240 Germany .5494 1.8203 Great Britain 1.5841 .6313 Italy .000565 1770.80 Japan .008275 120.85 Mexico .128883 7.7590