Bond Price Surge Boosts Dollar

Wed., March 15, 1995

The dollar advanced modestly against key currencies Tuesday, bolstered by a surge in U.S. bond prices and growing sentiment that threats to the American economy from Mexico’s financial crisis are easing.

A retreat in the German mark also provided some relief to the U.S. currency, which last week plunged to record lows in a worldwide sell-off.

The tenor of Tuesday’s trading appeared to indicate at least a temporary ebbing of the mighty mark, which had soared as investors fled financial turmoil in Europe and Latin America for the safety of German banks and securities.

Canada .7061 1.4162 France .2001 4.9985 Germany .7061 1.4162 Great Britain 1.5862 .6304 Italy .000597 1675.00 Japan .011020 90.74 Mexico .150830 6.6300

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Bond Price Surge Boosts Dollar

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