Dollar Falls Vs. Major Currencies

The dollar fell against major currencies Monday as traders switched strategies and pushed Asian currency and stock markets higher by pulling funds out of the safe haven of U.S. Treasury bonds.

A huge rise in American stocks, including a 201-point gain in the Dow Jones industrial average, didn’t stop the dollar’s retreat.

Analysts speculated that even bigger gains in several Asian stock markets reflected a flow of foreign investments that had been parked in U.S. Treasuries. Bond prices plunged Monday in the United States, undoing some of last week’s gains.

Exchange Currency in Dollars Dollar in foreign currency Canada .6882 1.4531 France .1641 6.0950 Germany .5498 1.8190 Great Britain 1.6388 .6102 Italy .000556 1797.75 Japan .007903 126.53 Mexico .118977 8.4050