Dollar Climbs Despite Trade Data

Thu., June 19, 1997

The dollar recouped from a drop caused by a surging Japanese trade surplus to end higher Wednesday after top U.S. officials hinted they won’t confront Japan over the imbalance at the Group of Seven summit.

Rising military tensions on the Korean peninsula and further indications that Europe’s planned single currency will be a weak successor to the mark also helped underpin the dollar.

The results left the dollar slightly stronger against the yen and mark.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7182 1.3923 France .1710 5.8490 Germany .5769 1.7333 Great Britain 1.6388 .6102 Italy .000590 1696.25 Japan .008799 113.65 Mexico .126630 7.8970

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Dollar Climbs Despite Trade Data

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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