Dollar Falls Sharply, Then Recovers

Thu., Dec. 11, 1997

The dollar fell sharply against the Japanese yen Wednesday, then recovered much of its losses amid shifting speculation about how aggressively the Japanese government will move to bolster the country’s weak financial system. The dollar also fell against the German mark as both currencies were hurt by the yen’s surge during European trading.

The dollar fell as much as 1.29 yen in overnight trading as investors grew confident that the Japanese government would act boldly to shore up the financial system. But sentiment quickly shifted back the other way.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7023 1.4239

France .1672 5.9800

Germany .5598 1.7862

Great Britain 1.6504 .6059

Italy .000572 1748.50

Japan .007735 129.28

Mexico .122986 8.1310

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 Falls Sharply, Then Recovers

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Hungary's conservative icon Orban defeated by centre-right opposition

Spanish premier urges China to take bigger role in multipolar order

Taiwan plans drills to break potential Chinese energy blockade