Yen, Mark Gain On Dollar

Fri., July 17, 1998

The dollar fell against the yen Thursday on news that a reform-minded candidate had emerged in Japan to succeed Prime Minister Ryutaro Hashimoto.

The yen gained strength from the news that Seiroku Kajiyama, a vociferous critic of Hashimoto’s economic policies and an advocate of tax cuts to stimulate Japan’s economy, would step forward as a candidate for prime minister.

The dollar also fell against the mark on news that Russia had approved an essential element of President Boris Yeltsin’s austerity plan.

Exchange Currency in Dollars Dollar in foreign currency Canada .6720 1.4882 France .1670 5.9865 Germany .5598 1.7863 Great Britain 1.6410 .6094 Italy .000567 1762.97 Japan .007146 139.94 Mexico .113276 8.8280

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Yen, Mark Gain On Dollar

Jesse Tinsley

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