German Rate News Boosts Dollar

Thu., Dec. 14, 1995

The dollar rose slightly against European currencies Wednesday after Britain lowered a short-term lending rate, heightening expectations that Germany would follow with a cut of its own Thursday.

The greenback also found some strength on bullish economic news out of Washington, which could prevent the Federal Reserve from lowering interest rates.

Trading was very light ahead of the holiday season, exaggerating the effects of individual trades.

Exchange Currency in Dollars Dollar in foreign currency Canada .7262 1.3770 France .1997 5.0080 Germany .6897 1.4500 Great Britain 1.5327 .6524 Italy .000625 1600.00 Japan .009835 101.68 Mexico .128949 7.7550

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German Rate News Boosts Dollar

Jesse Tinsley

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