Yen, Mark Gain Ground On Dollar

The dollar fell against major currencies Tuesday, dropping against the Japanese yen amid signs of economic stabilization in Indonesia and Japan.

“The yen has been the favorite currency of the day,” rising against the dollar and German mark among other currencies as the dollar reversed its gains from Monday, said Dennis Pettit, a foreign exchange manager at Long-Term Credit Bank of Japan Ltd.

The yen benefited from news in Asia, including improved conditions in Indonesia, where the currency had lost about 80 percent of its value since July.

Indonesia’s central bank intervened in the currency market Tuesday, helping boost the rupiah’s value nearly 30 percent.

Exchange Currency in Dollars Dollar in foreign currency

Canada .6897 1.4500

France .1668 5.9957

Germany .5589 1.7892

Great Britain 1.6431 .6086

Italy .000566 1766.00

Japan .007980 125.32

Mexico .120482 8.3000