Dollar Charges Higher

Thu., Sept. 26, 1996

The dollar charged to big one-day gains against the Japanese yen and German mark Wednesday, shaking off its plunge of a day earlier when the Federal Reserve surprised traders by leaving interest rates unchanged.

In late New York trading, the dollar cost 110.44 yen, up from 109.00 Tuesday. This was the biggest one-day jump for the dollar against the yen since Aug. 7, when traders responded to the strength of the U.S. economy and tensions in Korea.

The dollar also rose to 1.5156 marks from 1.5011, the biggest one-day jump since April 9. The British pound cost $1.5610, down from $1.5655.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7319 1.3664

France .1951 5.1256

Germany .6598 1.5156

Great Britain 1.5610 .6406

Italy .000661 1513.50

Japan .009055 110.44

Mexico .132908 7.5240

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Dollar Charges Higher

Jesse Tinsley

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