Dollar Sends Mixed Signals

The dollar mostly fell in foreign exchange trading Tuesday as a government report on inflationary pressures further dampened hope that the Federal Reserve will raise interest rates to help the troubled currency.

But the dollar’s descent was muted against key currencies, and it was relatively stable vs. the Japanese yen, as traders remained cautious ahead of an announcement Friday from Japan on measures intended to help stop the yen’s appreciation. The rising value of the yen is hurting Japan’s economy.

The U.S. currency was pressured by a government report suggesting the economy was still on the Federal Reserve’s glide path for a “soft landing.”

Exchange Currency in Dollars Dollar in foreign currency Canada .7229 1.3834 France .2050 4.8790 Germany .7139 1.4007 Great Britain 1.5933 .6276 Italy .000580 1724.20 Japan .011955 83.65 Mexico .160000 6.2500