Dollar Ends Mostly Higher

Tue., March 25, 1997

The dollar recovered from early weakness against the yen to end mostly higher Monday, strengthening on expectations that U.S. interest rates will rise and on news suggesting Japan may impose more domestic taxes.

Many currency traders were betting the Federal Reserve’s policymaking committee would nudge up short-term interest rates by 25 basis points or a quarter percentage point to 5.50 percent at its regularly scheduled meeting Tuesday. Higher U.S. rates tend to make dollar-denominated assets worth more.

Exchange Currency in Dollars Dollar in foreign currency Canada .7249 1.3795 France .1757 5.6900 Germany .5924 1.6881 Great Britain 1.6186 .6178 Italy .000592 1688.00 Japan .008136 122.91 Mexico .126855 7.8830

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.

Dollar Ends Mostly Higher

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

State visit from British Royals will go ahead after Washington shooting

U.S. Mint buys drug cartel gold and sells it as 'American'

Israeli strikes kill 14 in Lebanon as Israel warns residents to leave towns beyond 'buffer zone'