Dollar Follows Bond Prices Lower

The dollar fell against leading currencies Thursday after slumping Treasury bond prices and concerns about the U.S. economy’s strength cut short a morning rally.

Hopes for a German interest-rate cut were dashed when the Bundesbank failed to act early in the session, a move that would have helped the dollar against the mark.

By 4 p.m. in New York, the dollar was trading at 1.4875 marks, compared with 1.4891 on Wednesday. It finished at 106.75 yen, compared with 107.04 the day before.

Exchange Currency in Dollars Dollar in foreign currency Canada .7282 1.3733 France .1959 5.1035 Germany .6723 1.4875 Great Britain 1.5186 .6585 Italy .000635 1576.00 Japan .009368 106.75 Mexico .135410 7.3850