Dollar Ends Mostly Lower

Thu., May 25, 1995

The dollar ended mostly lower Wednesday after a weaker-thanexpected economic report raised the prospect that the Federal Reserve may lower interest rates.

The Commerce Department reported that orders to factories for big-ticket durable goods plunged 4 percent in April, the third straight decline and the biggest drop in more than three years.

The report was further evidence that the economy is slowing down, which may cause the Fed to refrain from raising interest rates any more and perhaps even lower them, analysts said.

In late New York trading, the dollar was quoted at 87.23 Japanese yen, up from 87.16 late Tuesday.

Exchange Currency in Dollars Dollar in foreign currency Canada .7330 1.3642 France .1957 5.1110 Germany .6951 1.4387 Great Britain 1.5735 .6355 Italy .000601 1665.00 Japan .011472 87.17 Mexico .166667 6.0000

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Dollar Ends Mostly Lower

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

White House outlines plans for its new Wildland Fire Service ahead of burn season

Satellite firm Planet Labs to indefinitely withhold Iran war images

EU countries call for windfall tax on energy companies' profits