Dollar Gains Against Mark
The dollar ended mixed against leading currencies on Wednesday, but gained ground against the German mark, which weakened on hints of lower interest rates.
The dollar fell against the Japanese yen, partly because traders were reacting to a new report that showed Japan wasn’t investing as much money overseas as thought. Increased foreign investment is seen as key to the yen’s weakening.
In late New York trading, the dollar fetched 102.55 yen, down from 103.07 yen Tuesday. The dollar also fetched 1.4208 marks, up from 1.4164.
Exchange Currency in Dollars Dollar in foreign currency
Canada .7363 1.3582
France .2046 4.8875
Germany .7049 1.4187
Great Britain 1.5822 .6320
Italy .000629 1589.43
Japan .009766 102.40
Mexico .129366 7.7300