Dollar Cracks 110 Yen Barrier

Wed., July 3, 1996

The dollar finally broke through the 110 yen level Tuesday as new economic data underscored that the U.S. economy is growing faster than Japan’s, making the greenback more attractive in foreign exchange markets.

The dollar also rose against the German mark and most other major currencies partly on its power over the yen.

As of 4 p.m. in New York, the dollar traded at 110.35 yen, up from 109.55 late Monday. The dollar traded at 1.5266 marks, up from 1.5234.

Exchange Currency in Dollars Dollar in foreign currency Canada .7348 1.3610 France .1938 5.1609 Germany .6551 1.5266 Great Britain 1.5575 .6421 Italy .000651 1535.00 Japan .009062 110.35 Mexico .132100 7.5700

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Dollar Cracks 110 Yen Barrier

Jesse Tinsley

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