Dollar Hits 3-Month Low Vs. Yen

Thu., Feb. 5, 1998

The dollar plunged to a three-month low against the Japanese yen Wednesday as Japan passed a special income tax cut to energize the country’s ailing economy.

The tax cut strengthened the yen in its dealings with many currencies because it means “most likely Japan is dealing with the problems they are having,” said Elena Shperling, chief currency trader at Banco di Sicilia in New York.

Overall, the dollar fell against the German mark and other major currencies in what traders considered a weak market ready to sell the U.S. currency.

Exchange Currency in Dollars Dollar in foreign currency Canada .6913 1.4465 France .1657 6.0339 Germany .5552 1.8013 Great Britain 1.6578 .6032 Italy .000562 1778.00 Japan .008089 123.63 Mexico .118765 8.4200

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Dollar Hits 3-Month Low Vs. Yen

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Reps. Swalwell, Gonzales leaving Congress ahead of possible expulsion votes

Trump administration agrees to fly pride flag over Stonewall monument

Hungary’s new leader faces post-Orban economic hurdles