Dollar Hits 4-Month Low Vs. Yen

Wed., May 14, 1997

The dollar fell against the yen Tuesday, finishing at another four-month low on weak U.S. economic data and worries that the Clinton administration isn’t concerned by the currency’s recent decline.

Selling against the yen extended a two-week sell-off that was punctuated Friday by the worst one-day drop in more than 1 years. On Monday, the dollar dropped through 120 yen for the first time since late January.

The dollar settled Tuesday in New York at 118.50 yen, down from 119.30 yen Monday and its lowest finish since late January.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7211 1.3868

France .1753 5.7045

Germany .5897 1.6959

Great Britain 1.6329 .6124

Italy .000597 1676.00

Japan .008439 118.50

Mexico .126582 7.9000

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Dollar Hits 4-Month Low Vs. Yen

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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