Dollar Gains Against Yen

Fri., June 20, 1997

The dollar rose against the yen Thursday on news of a narrower-than-expected trade deficit in April but fell in most other foreign-exchange dealings due to broad rallies in the mark and pound.

The Commerce Department’s report showing an $8.36 billion shortfall was less than the $10 billion widely forecast, and the gap with Japan widened only marginally to $4.84 billion from $4.61 billion in March.

There had been fears that a major deterioration in the U.S. trade imbalance might make the United States take steps to push the dollar lower.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7207 1.3975

France .1720 5.8130

Germany .5801 1.7237

Great Britain 1.6488 .6065

Italy .000593 1686.10

Japan .008773 113.98

Mexico .126008 7.9360

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Dollar Gains Against Yen

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