Dollar Rises Against Yen, Mark

Tue., April 14, 1998

The dollar rose against the yen Monday as investors abandoned fears that Japan would intervene to boost its currency for the third straight session.

The yen’s rise boosted the dollar against the German mark in thin trading as most of Europe’s financial trading was closed for Easter Monday.

“London is the biggest center in foreign exchange trading,” said Margaret Kudarauskas, a senior foreign exchange analyst at Technical Data in Boston. “When it closes, it does thin out the market a great deal.”

Exchange Currency in Dollars Dollar in foreign currency Canada .6979 1.4328 France .1636 6.1125 Germany .5475 1.8265 Great Britain 1.6675 .5997 Italy .000555 1801.00 Japan .007716 129.60 Mexico .117730 8.4940

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Dollar Rises Against Yen, Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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