Dollar Skids To Record Low Vs. Yen

Fri., March 24, 1995

The dollar tumbled against the Japanese yen Thursday, hitting a record low in early U.S. trading after plunging overseas where dealers reacted to Washington’s report of a worsening trade deficit.

But the dollar remained mostly unchanged against the German mark after the head of German’s central bank indicated he would consider lowering interest rates, a move that would support a sagging dollar.

The dollar, which fell as low as 88.01 yen in early New York trading, was quoted in late dealings at 88.15, down from 88.95 late Wednesday. The previous nadir of 88.38 yen was set in New York intraday trading on Tuesday.

The dollar also was changing hands late in New York at 1.4033 marks, up from 1.4027 late Wednesday.

Canada .7110 1.4065 France .2015 4.9640 Germany .7119 1.4046 Great Britain 1.5935 .6275 Italy .000588 1700.00 Japan .011338 88.20

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Dollar Skids To Record Low Vs. Yen

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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