Dollar Loses Ground To Mark

The dollar fell against the German mark Monday as French President Jacques Chirac dissolved the National Assembly and ordered early parliamentary elections, heightening uncertainty about the establishment of the European Monetary Union.

Concerns about the plan for a single “euro” currency, which is to be launched beginning on Jan. 1, 1999, tend to help the mark, which is seen as a safe haven in times of European uncertainty.

The dollar also was hurt Friday on concerns about the monetary union, stemming then from reports that European Union officials had concluded Italy wouldn’t qualify under the EMU’s strict financial guidelines.

Exchange Currency in Dollars Dollar in foreign currency Canada .7151 1.3984 France .1745 5.7305 Germany .5890 1.6978 Great Britain 1.6353 .6115 Italy .000591 1691.00 Japan .007980 125.31 Mexico .127162 7.8640

Thank you for visiting Spokesman.com. To continue reading this story and enjoying our local journalism please subscribe or log in.

You have reached your article limit for this month.

Subscribe now and enjoy unlimited digital access to Spokesman.com

Unlimited Digital Access

Stay connected to Spokane for as little as 99¢!

Subscribe for access

Already a Spokesman-Review subscriber? Activate or Log in

You have reached your article limit for this month.

Subscribe now and enjoy unlimited digital access to Spokesman.com

Unlimited Digital Access

Stay connected to Spokane for as little as 99¢!

Subscribe for access

Already a Spokesman-Review subscriber? Activate or Log in

Oops, it appears there has been a technical problem. To access this content as intended, please try reloading the page or returning at a later time. Already a Spokesman-Review subscriber? Activate or Log in