Dollar Closes Up Against Mark

Sat., June 14, 1997

Associated Press

The dollar closed at its strongest level against the mark in nearly 2-1/2 years Friday and ended higher in most other foreign-exchange dealings on signs that France will pressure Germany into weakening a pact to stabilize Europe’s planned single currency, the euro.

The dollar reached an intraday high of 1.7407 marks before settling in New York at 1.7386 marks, up from 1.7300 Thursday and the highest closing level since early February 1994. The gain left the dollar 12.8 percent higher vs. the mark so far this year.

The dollar settled at 114.89 yen in New York, up from 114.25 yen Thursday. The dollar ended slightly lower against the pound due partly to the British currency’s broad strength.

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.