Dollar Hits 4-Month High Vs. Mark

Fri., Jan. 26, 1996

The dollar hit a four-month high against the German mark Thursday amid speculation that German monetary officials want to weaken the mark to help spur their economy.

The mark’s weakness allowed the dollar to gain against other major European currencies.

By 4 p.m. EST in New York, the dollar bought 1.4892 marks, compared with 1.4836 marks Wednesday. The dollar was last above 1.4880 on Sept. 20. The dollar ended at 106.90 yen, down from 106.93 yen the day before.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7264 1.3766

France .1958 5.1060

Germany .6715 1.4892

Great Britain 1.5070 .6636

Italy .000626 1598.00

Japan .009355 106.90

Mexico .135685 7.3700

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Dollar Hits 4-Month High Vs. Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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