Dollar Recovers From Weakness

Wed., May 24, 1995

The dollar ended mostly higher Tuesday after recovering from a bout of weakness in Europe, where investors were drawn to German marks because of fears about the new French government’s economic agenda.

But the dollar weakened marginally against the Japanese yen, which some money traders interpreted as a sign of skepticism about the effectiveness of tough new trade sanctions levied against Japan.

In late New York trading, the dollar was quoted at 87.16 Japanese yen, down from 87.33 late Monday. It was also was changing hands in New York at 1.4431 German marks, up from 1.4414.

Currency in Dollar in

Exchange Dollars foreign currency

Canada .7325 1.3652

France .1951 5.1245

Germany .6928 1.4435

Great Britain 1.5673 .6380

Italy .000596 1676.56

Japan .011471 87.18

Mexico .169205 5.9100

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Dollar Recovers From Weakness

Jesse Tinsley

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