Dollar Ends Slightly Higher

Wed., May 31, 1995

The dollar rose slightly against most major currencies in thin trading Tuesday amid optimism that the economy is not slowing as fast as money traders had expected.

A string of economic data due out this week could show some economic strengthening, which may dissuade the Federal Reserve from cutting interest rates when its policy-making committee meets in July, analysts said.

Lower rates would make dollardenominated holdings less attractive.

In late New York trading, the dollar was quoted at 82.79 Japanese yen, up from 82.65 late Friday. U.S. currency markets were closed Monday for Memorial Day.

Exchange Currency in Dollars Dollar in foreign currency Canada .7294 1.3710 France .2039 4.9035 Germany .7181 1.3925 Great Britain 1.5985 .6256 Italy .000612 1635.00 Japan .012048 83.00 Mexico .162866 6.1400

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Dollar Ends Slightly Higher

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