Dollar Overcomes Market Anxiety

The dollar rallied to end slightly higher against most key currencies Monday, recovering from a decline caused by another stiff drop in the U.S. stock market.

Traders attributed the dollar’s comeback partly to the benefits of rising interest rates and a growing economy - the same forces that helped depress stocks and pushed the Dow Jones average down 157.11 points or 2.3 percent.

But thin Easter holiday market conditions exaggerated price movements, so currency traders were reluctant to read too much into the behavior of the dollar or the stock market.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7222 1.3847

France .1774 5.6375

Germany .5963 1.6770

Great Britain 1.6395 .6099

Italy .000598 1673.00

Japan .008078 123.80

Mexico .126502 7.9050