Dollar Recovers As Stocks Rebound

The dollar recovered against most major currencies Monday as U.S. stock markets bounced back from Friday’s selloff and as a central banker’s comments reduced expectations that German interest rates would rise soon.

In late New York trading, the dollar rose to 1.8305 German marks from 1.8245 on Friday and the British pound slipped to $1.6047 from $1.6082.

While the dollar dipped against Japan’s currency, edging down to 117.82 yen from 117.90, it was well above the low of 116.90 yen in Tokyo trading before stock markets opened for the week in the United States.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7203 1.3883 France .1628 6.1435 Germany .5463 1.8305 Great Britain 1.6047 .6232 Italy .000559 1787.50 Japan .008488 117.82 Mexico .128766 7.7660