Dollar Falls In Step With Stocks

Wed., March 13, 1996

The dollar finished lower against most major currencies Tuesday after spending most of the day following the U.S. stock and bond markets through their gyrations.

The dollar ended lower against the German mark and the Japanese yen after plunging at the start of the U.S. trading day. While stocks finished slightly higher Tuesday, the dollar couldn’t stage a significant upturn.

By 4 p.m. in New York, the dollar was quoted at 105.25 yen, down from 105.41 yen late Monday. The dollar was changing hands at 1.4745 marks, down from 1.4807 marks.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7309 1.3682

France .1982 5.0455

Germany .6782 1.4745

Great Britain 1.5235 .6564

Italy .000642 1556.50

Japan .009501 105.25

Mexico .131752 7.5900

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Dollar Falls In Step With Stocks

Jesse Tinsley

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