Dollar Tumbles Against Yen, Mark

Thu., Jan. 22, 1998

The dollar fell sharply Wednesday against the Japanese yen and German mark as evidence grew of the widening U.S. fallout from Asia’s financial turmoil.

But the U.S. currency climbed to a 12-year high against the Canadian dollar on worries that the one-two punch of an eastern ice storm and Asia’s crisis would slow Canada’s economy.

The dollar has been in retreat from the 5-1/2-year highs it reached earlier this month against Japan’s currency, when it rose above 134 yen.

Meanwhile, the Canadian dollar tumbled to 1.4449 to the U.S. dollar, nearing a record low set in February 1986.

Exchange Currency in Dollars Dollar in foreign currency Canada .6921 1.4449 France .1642 6.0915 Germany .5497 1.8193 Great Britain 1.6311 .6131 Italy .000559 1788.00 Japan .007865 127.15 Mexico .120700 8.2850

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Dollar Tumbles Against Yen, Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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