Dollar Gains Ground

The dollar finished slightly higher Monday against leading currencies amid further speculation that Europe is headed for another round of interest rate cuts.

A German monetary official’s comments that there was room for lower rates helped the dollar against the mark, which would suffer if German investments paid lower yields.

The dollar remained flat against the Japanese yen as traders speculated that political changes there would lead to a stronger economy.

Exchange Currency in Dollars Dollar in foreign currency Canada .7337 1.3630 France .2017 4.9585 Germany .6913 1.4465 Great Britain 1.5460 .6468 Italy .000635 1574.00 Japan .009506 105.20 Mexico .133333 7.5000