Dollar Rises Against Mark

Tue., June 30, 1998

The dollar rose against the mark Monday as continuing economic problems in Russia hurt the currency of its close banking partner, Germany.

The dollar fell against the yen as a Japanese economic report came in better than expected.

The mark typically weakens when there is economic or political turmoil in Russia and investors prefer the relative safety of the dollar or certain other currencies.

In Japan, the quarterly Tankan survey of corporate sentiment about the nation’s economy - in its worst recession in 50 years - was not as bad as analysts had expected. Tokyo stocks rose slightly, with the market’s main index ending higher for the fourth straight session.

Currency in Dollar in Exchange Dollars foreign currency

Canada .6798 1.4710 France .1646 6.0760 Germany .5517 1.8127 Great Britain 1.6656 .6004 Italy .000560 1785.00 Japan .007058 141.69 Mexico .110742 9.0300

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Dollar Rises Against Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

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