Dollar Falls Despite German Easing

Fri., April 19, 1996

The dollar erased early gains and ended weaker against most major currencies Thursday after an easing of German interest rates failed to ignite serious buying interest in the U.S. currency.

Strength in the Japanese yen and uncertainty over the outcome of a weekend meeting by finance ministers of the Group of Seven industrialized countries also contributed to the dollar’s retreat.

By late afternoon in New York, the dollar traded at 1.5015 marks, down from 1.5060 Wednesday. The dollar traded at 106.65 yen, down from 108.20 yen late Wednesday.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7335 1.3633

France .1961 5.1000

Germany .6660 1.5010

Great Britain 1.5185 .6585

Italy .000638 1567.00

Japan .009242 108.20

Mexico .134862 7.4150

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Dollar Falls Despite German Easing

Jesse Tinsley

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