Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Saturday, October 31, 2020  Spokane, Washington  Est. May 19, 1883
Clear Night 49° Clear
News >  Nation/World

Dollar Plunges As Yen Rebounds

The dollar fell sharply Tuesday, hurt by a warning from Treasury Secretary Robert Rubin about Japan’s trade surplus and rumors that an important Bank of Japan economic report would show surprising strength.

Those influences helped arouse a strong rally in the yen on the prospect that the Japanese currency’s 2-year-old retreat against the dollar may be coming to an end.

That helped push the dollar to a three-week low against the yen, a six-week low against the mark and a 10-week low against the pound.

Uncertainty about the direction of the U.S. stock market after two days of heavy losses also weighed on the dollar.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7203 1.3884 France .1783 5.6075 Germany .6004 1.6656 Great Britain 1.6528 .6050 Italy .000601 1663.00 Japan .008213 121.76 Mexico .126534 7.9030

The Spokesman-Review Newspaper

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 not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.


New health insurance plans available Nov. 1 through Washington Healthplanfinder

 (Photo courtesy WAHBE)
Sponsored

Fall means the onset of the cold and flu season.