Dollar Rises Against Mark And Yen

The dollar rose Tuesday against the German mark and the Japanese yen, spurred by strong economic indications in the United States and the failure of Japanese stocks to rise significantly.

The dollar’s rise against the yen was sparked by the failure of the Nikkei Stock Average to hit 18,000 points by the end of Japan’s fiscal year Tuesday.

The Japanese government even put public funds into the stock market, but the effort fell short.

During U.S. trading, investors took their cue from the Federal Reserve’s policy-making Open Market Committee, which left short-term interest rates unchanged as expected. Investors interpreted that to mean that the Asian turmoil had yet to do serious damage to the U.S. economy.

Exchange Currency in Dollars Dollar in foreign currency Canada .7050 1.4185 France .1616 6.1890 Germany .5411 1.8480 Great Britain 1.6717 .5982 Italy .000549 1821.25 Japan .007510 133.15 Mexico .117398 8.5180