Dollar Continues Drop Against Yen

Fri., Feb. 6, 1998

The dollar fell broadly Thursday, dropping to its lowest level against the Japanese yen in nearly three months.

The dollar retreated amid renewed optimism that Asia’s turmoil has stabilized and on new worries about the investigation of President Clinton’s relationship with former White House intern Monica Lewinsky.

“Clinton’s problems, real or perceived, put a negative tint on the dollar,” said John Hanly, foreign exchange manager at Bank Austria. “It’s interesting that the markets are assuming she is going to say something bad.”

Exchange Currency in Dollars Dollar in foreign currency

Canada .6938 1.4413

France .1670 5.9864

Germany .5597 1.7867

Great Britain 1.6556 .6040

Italy .000567 1762.50

Japan .008102 123.43

Mexico .118835 8.4150

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Dollar Continues Drop Against Yen

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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