Dollar Turns In Mixed Performance

The dollar rose against the German mark and fell against the Japanese yen Wednesday as traders dumped the mark and bought yen.

When such trades occur, the dollar gains against the currency that loses ground and falls against the currency the market favors.

Dealers bought yen because they continued to be heartened by the prospect of Japan repairing its ailing economy. They also were pleased by reports that South Korea was largely in agreement with international bankers about restructuring its debt. The mark was vulnerable as it failed to gain support at home.

Overall, the dollar rose against major currencies and maintained its strength against the Canadian dollar.

Currency in Dollar in Exchange Dollars foreign currency

Canada .6897 1.4500 France .1648 6.0680 Germany .5519 1.8120 Great Britain 1.6415 .6092 Italy .000559 1787.75 Japan .008016 124.75 Mexico .119076 8.3980