Vulnerable Dollar Reacts To Market

The dollar traded lower Monday in foreign markets in anticipation of weak U.S. stock prices, but gradually recovered near the end of the day to finish mixed against major currencies.

The dollar ended higher against the Japanese yen and lower against the German mark after falling against both currencies in Asian trading and the nearly non-existent European Easter Monday trading.

During the U.S. session, stocks fell in reaction to Friday’s employment report showing continued job growth in March, an indication that the Federal Reserve would not lower interest rates. Treasury bond prices fell Friday and continued their selloff Monday.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7366 1.3576

France .1979 5.0521

Germany .6749 1.4817

Great Britain 1.5290 .6540

Italy .000639 1565.79

Japan .009281 107.75

Mexico .132406 7.5525