Dollar Tumbles Vs. Mark

Fri., Sept. 26, 1997

The dollar dropped to a 2-month low against the mark Thursday as strong German economic data and comments from the country’s central bank suggested the Bundesbank could soon raise interest rates.

But the dollar gained against the yen as the Japanese currency was sold in favor of the mark and other European currencies. The European rally pushed the dollar to its lowest level against the British pound since Aug. 5.

Exchange Currency in Dollars Dollar in foreign currency Canada .7228 1.3835 France .1691 5.9135 Germany .5685 1.7590 Great Britain 1.6300 .6135 Italy .000582 1717.00 Japan .008317 120.88 Mexico .128107 7.8060

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Dollar Tumbles Vs. Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

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