Dollar Drops Vs. Yen, Mark

Wed., June 4, 1997

The dollar ended mostly lower Tuesday on eased concerns about the credibility of Europe’s single currency and hints from Japan’s Finance Minister Hiroshi Mitsuzuka that interest rates there would rise soon.

A surge in the Japanese stock market to its highest level this year and comments by a Federal Reserve policy-maker suggesting the U.S. economy is slowing also contributed to the dollar’s weakness.

But the U.S. currency’s movement was confined to narrow ranges in the absence of significant news.

Exchange Currency in Dollars Dollar in foreign currency Canada .7273 1.3750 France .1717 5.8245 Germany .5789 1.7275 Great Britain 1.6351 .6116 Italy .000589 1697.60 Japan .008618 116.03 Mexico .126364 7.9130

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Dollar Drops Vs. Yen, Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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