Dollar Slips In Thin Trading

Thu., July 13, 1995

The dollar slipped against most of the major currencies in thin trading Wednesday, as traders found fewer reasons to be optimistic about a widely anticipated interest rate cut in Germany.

With virtually no U.S. economic data to rely upon Wednesday, traders were reluctant to take large positions ahead of today’s policy-setting central bank council meeting of the German Bundesbank.

“There was really no incentive to do much today,” said Dave Glowacki, a senior trader at NBD Bank in Detroit.

In late New York trading, the dollar was quoted at 87.43 yen, down from 87.56 late Tuesday. The dollar also was changing hands at 1.4030 German marks, down from 1.4060.

Exchange Currency in Dollars Dollars in foreign currency Canada .7382 1.3546 France .2050 4.8790 Germany .7123 1.4040 Great Britain 1.5905 .6287 Italy .000617 1620.50 Japan .011422 87.55 Mexico .164339 6.0850

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Dollar Slips In Thin Trading

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