Dollar Loses Ground To Mark

Wed., Aug. 27, 1997

The dollar fell against the mark Tuesday as Germany’s central bank left interest rates untouched, but traders speculated growing inflation concerns would soon force the Bundesbank to raise rates.

In a quiet session, the dollar also was lower against the yen as traders watched for signs of a spark in the U.S.-Japan trade conflict.

Mark Gargano, manager of foreign exchange at First Union National Bank in Charlotte, N.C., said Bundesbank officials are “using their monetary policy as a tool of trying to control dollar-mark.”

Exchange Currency in Dollars Dollar in foreign currency Canada .7175 1.3938 France .1653 6.0505 Germany .5570 1.7953 Great Britain 1.6147 .6193 Italy .000570 1753.70 Japan .008462 118.18 Mexico .128866 7.7600

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Dollar Loses Ground To Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Hunger, crime, blackouts: Cuba’s elderly bear the brunt of the island’s growing crisis

House passes stalled Homeland Security funding bill, ending shutdown

Iran internet blackout tightens military’s grip on civilian life