Dollar Rises Against Yen

Wed., June 12, 1996

The dollar rose against the yen Tuesday, deriving strength from falling Japanese interest rates and tame U.S. inflation data. But late-day profit-taking helped send the dollar mostly lower against other currencies.

Prior to the opening of U.S. trading, the Japanese Finance Ministry announced it would resume buying of the government’s bonds on the open market, purchases that were suspended nearly three years ago.

The effect was to increase demand for Japanese bonds, pushing down interest rates.

Exchange Currency in Dollars Dollar in foreign currency Canada .7323 1.3655 France .1924 5.1980 Germany .6516 1.5347 Great Britain 1.5350 .6515 Italy .000645 1549.60 Japan .009138 109.43 Mexico .131926 7.5800

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Dollar Rises Against Yen

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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