The dollar hit a new 3-year high against the mark and rose in most other currency dealings Tuesday, helped by a surge in the pound and verbal boosts from Japan’s top two finance officials.
A big advance in the U.S. stock market and signs of resilient weakness in Germany’s labor market also combined to help push the dollar higher. German economic data showed the country’s June unemployment remained stuck at 11.4 percent with more people out of work.
“It seems like the fundamental picture in the United States looks very strong,” said Jim Powers, vice president of foreign-exchange sales at the New York branch of Westdeutsche Landes Bank. “The dollar still seems a good place to be.”
Currency in Dollar in Exchange Dollars foreign currency
Canada .7276 1.3743 France .1685 5.9350 Germany .5678 1.7613 Great Britain 1.6886 .5922 Italy .000584 1713.00 Japan .008860 112.87 Mexico .126695 7.8930
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