Dollar Strengthens Vs. Yen, Mark

The dollar rose against most major currencies Tuesday, supported by signs of a stronger U.S. economy and benign inflation in Germany.

Such a combination could lead to rising U.S. interest rates and and lower rates in Germany, leading to a possible retreat from assets denominated in German marks and a migration into assets denominated in dollars.

In the United States, existing-home sales rose in June and employment costs increased at the slowest pace on record.

In late New York trading, the dollar was quoted at 1.3935 German marks, up from 1.3853 late Monday. The dollar also was changing hands in New York at 87.71 Japanese yen, up from 87.45.

Canada .7378 1.3554

France .2067 4.8370

Germany .7173 1.3942

Great Britain 1.5895 .6291

Italy .000624 1602.60

Japan .011403 87.70