Dollar Creeps Ahead

The dollar edged higher against major currencies Tuesday as new domestic inflation numbers raised doubts about a U.S. interest rate cut while expectations of lower rates in Europe persisted.

The dollar rose against the Japanese yen partly because of a large order to sell yen. But the greenback gained against the German mark mostly because of the shift in thinking on interest rates.

Trading was light.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7260 1.3775

France .2000 4.9989

Germany .6908 1.4475

Great Britain 1.5327 .6524

Italy .000626 1596.50

Japan .009827 101.76

Mexico .129282 7.7350