Dollar Loses Ground To Mark

Tue., March 18, 1997

The dollar fell against the mark and ended mixed in other currency dealings Monday after a number of senior German officials hinted that Europe’s plans for monetary union might be delayed.

The remarks by Finance Minister Theo Waigel and three members of Germany’s Bundesbank aroused a broad rally in marks by compounding fears in the foreign-exchange market that the January 1999 debut of the euro will be postponed.

That would leave the mark as the predominant currency in Europe.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7295 1.3708 France .1755 5.6995 Germany .5919 1.6894 Great Britain 1.5888 .6294 Italy .000591 1693.00 Japan .008087 123.66 Mexico .125597 7.9620

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Dollar Loses Ground To Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

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