Banker’s Remarks Undercut Dollar

The dollar fell against the German mark and the Japanese yen Tuesday as a German central banker’s ambiguous remarks made traders less certain the Bundesbank will cut interest rates this week.

The dollar had been rising on speculation that the Bundesbank would shave rates Thursday to spur growth in the faltering German economy.

In late New York trading, the dollar stood at 1.5089 marks, down from 1.5127 marks on Monday. The dollar also was changing hands at 108.15 yen, down from 108.55.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7364 1.3580 France .1952 5.1225 Germany .6627 1.5089 Great Britain 1.5077 .6633 Italy .000636 1572.68 Japan .009246 108.15 Mexico .134590 7.4300