Dollar Drops Against Yen, Mark
The dollar finished lower against major currencies Thursday, pulled down by another drop in U.S. stock markets and more signs that the German Bundesbank is preparing to boost interest rates.
The dollar recovered, however, from 10-month lows reached the day before against the Mexican peso. News of U.S. plans to impose stiff duties on supercomputers made by two Japanese companies hurt the dollar against the yen.
“The dollar has seemed heavy in the past few days,” said Lisa Finstrom, currency analyst at Smith Barney.
Exchange Currency in Dollars Dollar in foreign currency Canada .7166 1.3954 France .1615 6.1930 Germany .5440 1.8382 Great Britain 1.5935 .6275 Italy .000558 1791.50 Japan .008532 117.20 Mexico .128535 7.7800