Dollar Resumes Rise Vs. Yen

Fri., June 19, 1998

The dollar rose against the Japanese yen Thursday as traders recovered from the previous day’s coordinated intervention that sent the U.S. currency reeling.

The dollar also rose against the German mark as problems resurfaced with Russia, one of Germany’s main banking partners.

On Wednesday, the U.S. Federal Reserve Bank intervened in currency markets to bolster the slumping yen. The dollar’s rise Thursday was capped by fears of further intervention.

Exchange Currency in Dollars Dollar in foreign currency Canada .6803 1.4700 France .1662 6.0155 Germany .5572 1.7948 Great Britain 1.6728 .5978 Italy .000565 1769.49 Japan .007255 137.83 Mexico .112171 8.9150

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Dollar Resumes Rise Vs. Yen

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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