Asian Slump Boosts Dollar

Tue., June 16, 1998

The dollar on Monday charged toward yet another eight-year high against the yen as slumping Japanese and other Asian markets pushed traders into other currencies and assets.

The dollar also rose against the German mark as the British pound hit a six-year high against the yen and soared against the mark. The Canadian dollar fell to its second all-time low against the dollar since Thursday.

The dollar rose to 146.15 yen in late New York trading, up from 144.72 yen Friday. During trading, the dollar hit 146.57 yen, its highest level since Aug. 24, 1990.

Currency in Dollar in Exchange Dollars foreign currency

Canada .6790 1.4728 France .1647 6.0725 Germany .5523 1.8105 Great Britain 1.6353 .6115 Italy .000560 1786.98 Japan .006842 146.15 Mexico .110865 9.0200

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Asian Slump Boosts Dollar

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Ban hijabs and halal foods? Texas Republicans offer early blueprint of plan to 'stop Islam'

The cost of the Iran war is mounting. Here’s the latest tally.

Dozens of decomposing bodies found in basement of Chicago funeral home, sources say