Dollar Sinks On Economic Data

The dollar fell against most currencies Thursday after the government reported weaker-than-expected economic data and Bundesbank President Hans Tietmeyer expressed support for a strong mark.

But the dollar strengthened slightly against the yen after the Commerce Department reported a modest shrinkage in the monthly trade deficit with Japan.

Also, a senior Japanese finance official said there was no danger that Japan’s trade imbalances would cause major problems with the United States.

Exchange Currency in Dollars Dollar in foreign currency Canada .7140 1.4005 France .1723 5.8025 Germany .5798 1.7248 Great Britain 1.6287 .6140 Italy .000589 1698.00 Japan .007933 126.05 Mexico .127097 7.8680