Dollar Higher As Stocks Rebound

The dollar rose against the Japanese yen and German mark Monday as U.S. stocks advanced despite a selloff in many global markets that was triggered by a plunge in Hong Kong stocks.

Wall Street’s gains encouraged traders to seek the dollar as a haven from Asia’s troubled financial markets. But lingering fears that U.S. and Japanese central banks might move in concert to support the sagging yen limited the dollar’s rise.

Exchange Currency in Dollars Dollar in foreign currency

Canada .6973 1.4341

France .1640 6.0969

Germany .5491 1.8211

Great Britain 1.6215 .6167

Italy .000558 1791.00

Japan .007536 132.69

Mexico .121065 8.2600