Dollar Gains As Haven

The dollar rose against the major currencies Wednesday as renewed expectations of lower German interest rates cost the mark its appeal as a safe haven during the turmoil in France.

Traders believe Germany’s central bank will lower interest rates by January and were drawn to the dollar.

The greenback rose slightly against the Japanese yen partly on expectations that trade figures to be released Thursday would show another drop in Japan’s trade surplus with the United States.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7328 1.3647

France .2012 4.9714

Germany .6928 1.4335

Great Britain 1.5425 .6483

Italy .000627 1594.00

Japan .009865 101.37

Mexico .130890 7.6400