Dollar Weakens As Mark Gains

Thu., Feb. 15, 1996

The German mark strengthened globally on Italy’s political problems Wednesday, dragging the dollar to its third straight drop against major currencies.

The dollar fell against the mark as the German currency and the Swiss franc benefited from Italy’s inability to form a new government. The mark and the Swiss franc typically attract investment during times of turmoil.

By 4 p.m. in New York, the dollar was trading at 1.4644 marks, down from 1.4730 on Tuesday. It finished at 106.25 yen, compared with 106.81 the day before.

Exchange Currency in Dollars Dollar in foreign currency Canada .7247 1.3799 France .1982 5.0460 Germany .6829 1.4644 Great Britain 1.5419 .6486 Italy .000632 1583.40 Japan .009412 106.25 Mexico .133333 7.5000

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Dollar Weakens As Mark Gains

Jesse Tinsley

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