Dollar Falls As Asian Markets Rise

The dollar fell against the Japanese yen and German mark Tuesday as Asian stock markets rebounded.

The rally in Asian stocks buoyed currency traders’ optimism that Indonesia’s economic woes will not further damage Japan’s already shaky economy.

“This has forced the scent of economic malaise to perhaps disappear and (put) Japan under less pressure. We don’t feel they’re going to have an imminent collapse on top of everything else in Asia,” said Hillel Waxman, chief foreign exchange dealer at Bank Leumi Trust Co.

Currency in Dollar in Exchange Dollars foreign currency

Canada .6969 1.4349 France .1642 6.0915 Germany .5495 1.8200 Great Britain 1.6348 .6117 Italy .000558 1791.00 Japan .007592 131.72 Mexico .122444 8.1670