Dollar Falls Against Mark And Yen
The dollar slipped against the German mark and Japanese yen Monday, weakened by profit-taking from the U.S. currency’s strength last week and speculation that Germany may delay further cuts in interest rates.
Traders sold dollars after remarks by Hans Tietmeyer, head of Germany’s Bundesbank, were interpreted as meaning the central bank might defer action on interest rates until it had more data on the country’s broadest measure of its money supply, known as M3. That data is due out in a few weeks.
Exchange Currency in Dollars Dollar in foreign currency Canada .7335 1.3634 France .1923 5.1995 Germany .6515 1.5350 Great Britain 1.5345 .6517 Italy .000645 1550.25 Japan .009174 109.00 Mexico .132450 7.5500