Japanese Weakness Boosts Dollar

Fri., Oct. 3, 1997

The dollar rose against the yen Thursday as traders continued to react to signs of weakness in the Japanese economy.

The dollar eased against the mark as the German currency benefited from a mild flight from Italian lire. Stubborn market convictions that Germany will have to raise interest rates soon were also supporting the mark.

New York trading was quiet, however, as many investors were absent for the Jewish holiday of Rosh Hashanah. Others held back ahead of key employment data due out today.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7284 1.3728

France .1679 5.9570

Germany .5641 1.7728

Great Britain 1.6160 .6188

Italy .000575 1739.50

Japan .008220 121.65

Mexico .129116 7.7450

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Japanese Weakness Boosts Dollar

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