Stock Rebound Lifts Dollar

The dollar rallied to finish mostly higher against European currencies Thursday, helped by a partial rebound in U.S. stock and bond markets and speculation that Germany might move to weaken the mark.

“Basically, we saw a turnaround off the lows of the dollar,” said Robert Sabia, a currency trader at the New York branch of ING Capital Markets Inc.

By 4 p.m. EST the dollar fetched 1.4408 marks, up from 1.4368 at the same time Wednesday. The dollar retreated slightly versus the yen to 104.77 from 104.86.

Exchange Currency in Dollars Dollar in foreign currency< Canada .7337 1.3630

France .2023 4.9440

Germany .6941 1.4408

Great Britain 1.5440 .6477

Italy .000638 1568.50

Japan .009545 104.77

Mexico .133333 7.5000