Rate Fears Hurt Dollar

Fri., May 31, 1996

Associated Press

The dollar fell against the Japanese yen Thursday in a day of volatile trading marked by fears that inflation worries will prompt Japanese investors to sell massive U.S. bond holdings, weakening the dollar.

Over two days, numerous Federal Reserve officials stoked fears that the growing U.S. economy will revive inflation, which would weaken long-term bond prices.

“I don’t think that the dollar is all that comfortable with the inflation fears,” said Lisa Finstrom, a senior currency analyst with Smith Barney Inc.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7300 1.3699 France .1928 5.1880 Germany .6517 1.5344 Great Britain 1.5340 .6519 Italy .000645 1550.00 Japan .009289 107.65 Mexico .135190 7.3970

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Rate Fears Hurt Dollar

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