Bank Scandal Boosts Dollar

The dollar rose against the yen Tuesday as Asian traders bought the greenback in anticipation that Daiwa Bank Ltd. would need dollars to cover a $1.1 billion loss created by the latest alleged rogue trader.

Meanwhile, the dollar edged up against the German mark and most other major currencies, following efforts by a German monetary official to stabilize markets that were roiled last week over doubts that Europe would eventually adopt a single currency.

In late New York trading, the dollar ended at 101.08 Japanese yen, up from 100.47 yen Monday. It also rose to 1.4393 German marks from 1.4335 marks.

Exchange Currency in Dollars Dollar in foreign currency Canada .7431 1.3457 France .2021 4.9490 Germany .6951 1.4387 Great Britain 1.5702 .6369 Italy .000623 1604.75 Japan .009906 100.95 Mexico .156740 6.3800