Dollar Falls On Most Markets

Wed., Dec. 9, 1998

The dollar fell against most major currencies Tuesday in light trading as U.S. stocks fell.

Traders had little economic or political news on which to base their trading.

“It’s December, the liquidity is thin, there’s not much news out there,” said Robert Katz, a foreign exchange dealer at MTB Bank Corp. “In the absence of other things, (dollar-trading) is piggybacking off the Dow.”

The Dow Jones industrial average spent the day mostly lower and fell 42.49 to 9,027.98.

Exchange Currency in Dollars Dollar in foreign currency Canada 1.0000 1.0000 France .1788 5.5920 Germany .6000 1.6668 Great Britain 1.6562 .6038 Italy .000606 1651.00 Japan .008382 119.31 Mexico .100624 9.9380

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Dollar Falls On Most Markets

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