Dollar Weakens Vs. Mark, Yen

Fri., June 5, 1998

The dollar fell Thursday against the mark as new data showed Germany’s economy strengthening.

The dollar also slid against the Japanese yen as traders moved to the sidelines ahead of next week’s Group of Seven meeting. Currency dealers have speculated that the meeting may produce an agreement for joint action to help Japan prop up the yen.

Traders bought marks and sold dollars after Germany reported that its gross domestic product rose 1.0 percent in the first quarter for an annual rate of 3.8 percent.

Exchange Currency in Dollars Dollar in foreign currency Canada .6876 1.4543 France .1690 5.9175 Germany .5664 1.7654 Great Britain 1.6369 .6109 Italy .000576 1736.84 Japan .007232 138.27 Mexico .114299 8.7490

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Dollar Weakens Vs. Mark, Yen

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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