Dollar Falls On Profit-Taking

Traders took profits and knocked back the dollar’s advance against the yen Wednesday when the Japanese economic package failed to measure up and the government declined to intervene heavily on the dollar’s behalf.

The dollar also fell against the German mark, along with most of the major currencies. Traders sought out the mark when German officials voiced doubts that France and Italy will be able to become part of a single European currency.

In late New York trading, the dollar ended at 102.65 yen, down from 104.63 yen Tuesday when it hit a 15-month high during intraday trading. The dollar also fell to 1.4613 German marks from 1.4897 marks.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7356 1.3594

France .1985 5.0377

Germany .6842 1.4615

Great Britain 1.5520 .6443

Italy .000616 1623.20

Japan .009737 102.70

Mexico .158165 6.3225