The dollar overcame the uncertainties of an upcoming Group of Seven summit to end mostly higher Tuesday, helped by remarks from Treasury Secretary Robert Rubin and speculation about a U.S. air attack against Iraq.
Broad weakness in the German mark also helped strengthen the dollar. Traders sold marks on renewed optimism that Europe’s plan for a single currency in 1999 would proceed as scheduled.
The dollar closed near the higher end of its recent trading range and was broadly stronger for the first time in a week.
Currency in Dollar in Exchange Dollars foreign currency
Canada .7444 1.3434 France .1799 5.5590 Germany .6076 1.6457 Great Britain 1.6207 .6170 Italy .000617 1620.50 Japan .008167 122.44 Mexico .127934 7.8160
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 not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.
Subscribe to the Coronavirus newsletter
Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.