Uncertainty Lifts Dollar

The dollar rose against major currencies Monday as investors grew doubtful about a possible U.S. interest rate cut and Germany’s top banker sent conflicting signals about further intervention.

The dollar finished higher against the yen after the Bank of Japan entered the market to buy greenbacks. The dollar seesawed against the mark during the trading day before finally setting an upward course during U.S. trading.

Last week, the dollar rose to a 15-month high against the Japanese yen before falling sharply. German badmouthing the possibility of European monetary union added to last week’s volatility, giving the mark a boost against the dollar.

Exchange Currency in Dollars Dollars in foreign currency

Canada .7426 1.3467

France .2022 4.9465

Germany .6981 1.4325

Great Britain 1.5703 .6368

Italy .000619 1615.50

Japan .009968 100.32

Mexico .156617 6.3850