Dollar Hits 4-Month High Vs. Yen

The dollar jumped to a four-month high against the yen Thursday in tandem with U.S. stock and bond markets, and also rose against the mark after Germany’s central bank left interest rates unchanged.

The dollar peaked at 122.30 in midmorning trading - its highest level since early June - on an early rally in stocks and bonds after a report that the U.S. trade deficit surged in July.

“Dollar-yen (trading) is following the U.S. financial markets,” said Andrew Hodge, vice president of foreign exchange at Bank Brussels Lambert in New York.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7186 1.3915 France .1674 5.9755 Germany .5620 1.7793 Great Britain 1.6106 .6209 Italy .000576 1736.15 Japan .008213 121.76 Mexico .129049 7.7490