G-7 Hints Push Dollar Higher

The dollar overcame a brief selloff to end mostly higher Monday after foreign-exchange traders concluded the Group of Seven’s weekend summit communique signaled its reluctance to halt the currency’s ascent.

Emissaries from Britain, Canada, France, Germany, Italy, Japan and the United States conferred in Washington on Sunday against a backdrop of concern they would act aggressively to stop the dollar, which has risen more than 12 percent against the mark and nearly 10 percent against the yen this year.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7144 1.3998

France .1713 5.8385

Germany .5770 1.7330

Great Britain 1.6247 .6155

Italy .000582 1718.00

Japan .007875 126.98

Mexico .125471 7.9700