Dollar Rises Against Mark

Tue., Sept. 23, 1997

The dollar was mixed against other major currencies Monday, rising against the mark as German interest rates appeared stable but retreating from a four-month intraday high vs. the yen to end lower.

The dollar was aided by a German central bank official saying it was too early to say if the country needs higher interest rates. The mark also suffered profit-taking vs. the yen after traders preferring Germany’s stronger economy had pushed its currency higher against Japan’s in recent weeks.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7203 1.3883 France .1663 6.0145 Germany .5582 1.7914 Great Britain 1.6049 .6231 Italy .000573 1745.00 Japan .008214 121.75 Mexico .129534 7.7200

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Dollar Rises Against Mark

Jesse Tinsley

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