Dollar Surges Against Yen, Mark

The dollar rallied strongly against the yen Wednesday, after the Clinton administration said it would file a complaint with the World Trade Organization over alleged unfair trade practices by Japan.

The dollar also hit a 10-day high vs. the German mark, buoyed by a sell-off of marks that traders stockpiled before France’s election and further indications that the Germany may cut interest rates.

In late New York trading, the dollar was quoted at 83.91 yen, up from 83.45 late Tuesday. It was also changing hands in New York at 1.3880 marks, up from 1.3815.

Exchange Currency in Dollars Dollar in foreign currency Canada .7388 1.3535 France .2054 4.8685 Germany .7210 1.3870 Great Britain 1.5857 .6306 Italy .000615 1627.00 Japan .011945 83.72 Mexico .169492 5.9000