Dollar Touches New High Vs. Mark

The dollar touched another 3-1/2-year high against the mark and ended stronger in most other currency dealings Tuesday on supportive comments from Germany’s central banker and a top U.S. Treasury official.

Bundesbank President Hans Tietmeyer and Deputy Treasury Secretary Lawrence Summers surprised the market by implying the United States and Germany wouldn’t oppose a further strengthening of the dollar. Their remarks helped the dollar overcome weakness from data suggesting the U.S. economy is slowing.

Exchange Currency in Dollars Dollar in foreign currency Canada .7252 1.3790 France .1699 5.8845 Germany .5725 1.7467 Great Britain 1.6581 .6031 Italy .000588 1700.50 Japan .008705 114.88 Mexico .126279 7.9190