Dollar Gains In Foreign Exchange

Thu., Dec. 17, 1998

The dollar rose against most major currencies in light trading Wednesday on speculation that the U.S. could take military action against Iraq.

Investors also might be energized by Tuesday’s rally, which ended a five-session slide, he said. The Dow Jones industrial average fell 32.70 Wednesday to 8790.60.

Also, a possible delay in impeachment proceedings may have heartened investors. House leaders discussed a plan to postpone this week’s vote on impeachment in light of the Iraq situation.

Exchange Currency in Dollars Dollar in foreign currency

Canada .6502 1.5381

France .1783 5.6095

Germany .6033 1.6575

Great Britain 1.6708 .5985

Italy .000604 1656.20

Japan .008581 116.53

Mexico .102041 9.8000

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Dollar Gains In Foreign Exchange

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