Dollar Slips Against Yen

Fri., April 24, 1998

The dollar on Thursday rose against major European currencies for the second straight day as traders sold the German mark and Swiss franc to gain Japanese yen, thus weakening their strength against the dollar.

The dollar slipped against the Japanese yen in lackluster trading characterized by skittishness about details of an economic stimulus package the Japanese government will unveil today.

On Thursday, investors in European currencies decided to take profits, which helped make the yen stronger in its trades with the dollar.

Exchange Currency in Dollars Dollar in foreign currency Canada .6965 1.4358 France .1659 6.0270 Germany .5561 1.7983 Great Britain 1.6644 .6088 Italy .000563 1776.75 Japan .007682 130.18 Mexico .118161 8.4630

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Dollar Slips Against Yen

Jesse Tinsley

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