Profit Taking Weakens Dollar

A stall in the Treasury bond market and modest profit taking Tuesday following two days of gains helped push the dollar lower against most major currencies.

The dollar also was buffeted by trading between other currencies as the market focused on a new budget from the British government. The pound weakened when the Conservative government failed to satisfy the markets with its budget proposals.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7381 1.3548 France .2033 4.9183 Germany .6976 1.4335 Great Britain 1.5430 .6481 Italy .000628 1593.00 Japan .009886 101.15 Mexico .131492 7.6050