Interest Rate Fears Boost Dollar

Wed., Jan. 18, 1995

The dollar posted modest gains Tuesday against other major currencies in domestic dealings as new government reports led to renewed speculation about interest rate hikes.

The government reported a surge in industrial production in December and said factories were working at their most furious pace in 15 years.

Both reports suggested inflation could re-emerge and supported speculation that the Federal Reserve may boost interest rates to curb price pressures.

The dollar was trading at 1.5330 German marks late in the day in New York, up from 1.5308 marks late Monday. The dollar was quoted at 99.13 Japanese yen, up from 98.40 yen late Monday.

Exchange Currency in Dollars Dollar in foreign currency Canada .7050 1.4184 France .1889 5.2936 Germany .6533 1.5307 Great Britain 1.5675 .6380 Japan .010092 99.09

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Interest Rate Fears Boost Dollar

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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