Dollar Slips Vs. Key Currencies

The dollar slipped Wednesday in global currency trading, weakening after a cut in German interest rates failed to produce a rally in dollar-mark dealings.

Though the rate cut underpinned expectations that German central bankers meeting today would agree to lower other lending rates, the dollar failed to react strongly and move out of the range it has recently held, compelling traders to sell some dollar holdings.

In late New York trading, the dollar fetched 1.4833 marks, down from 1.4875 late Tuesday.

The dollar fell to 96.60 yen in late New York dealings, down from 96.85 late Tuesday.

Exchange Currency in Dollars Dollar in foreign currency Canada .7365 1.3577 France .1970 5.0772 Germany .6745 1.4825 Great Britain 1.5415 .6487 Italy .000618 1618.00 Japan .010356 96.56 Mexico .159490 6.2700