Mark’s Weakness Boosts Dollar

Fri., Nov. 1, 1996

The dollar rallied Thursday, deriving strength from a sell-off in the Swiss franc and renewed optimism about the prospects for Europe’s planned single currency, which weakened the German mark.

The dollar also was helped as traders sold the pound to lock in profits from the British currency’s strength a day earlier, when a surprise increase in British interest rates sent sterling to the highest level in 19 months.

The Swiss franc began to weaken after senior Swiss finance officials reiterated their view that the franc remains overvalued.

Exchange Currency in Dollars Dollar in foreign currency Canada .7475 1.3378 France .1952 5.1240 Germany .6588 1.5178 Great Britain 1.6280 .6143 Italy .000660 1515.50 Japan .008768 114.05 Mexico .125628 7.9600

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Mark’s Weakness Boosts Dollar

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

U.S. destroyer interdicts two oil tankers attempting to leave Iran, official says

Gov. Gavin Newsom calls special election to fill Eric Swalwell’s seat

Democrats float 25th Amendment commission for Trump