Dollar Dips Against Yen, Pound

Thu., Dec. 19, 1996

The dollar ended higher against most European currencies Wednesday after German money supply data suggested the Bundesbank has room to lower interest rates. But the dollar fell against the yen and pound.

An unexpectedly large monthly rise in Japan’s politically sensitive trade surplus pressured the U.S. currency lower against the yen.

In Britain, strong economic news increased speculation that interest rates there will rise soon, which helped incite a broad rally in the pound.

Exchange Currency in Dollars Dollar in foreign currency Canada .7316 1.3669 France .1907 5.2445 Germany .6444 1.5518 Great Britain 1.6748 .5971 Italy .000654 1528.00 Japan .008796 113.69 Mexico .127324 7.8540

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Dollar Dips Against Yen, Pound

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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