The dollar rose slightly against the German mark in quiet trading Tuesday on indications that Europe may continue to have lower interest rates than the United States.
But the dollar slipped against the yen in part because Japanese corporations were selling foreign assets to help balance their books at the end of the month, which is the close of their fiscal year.
“There was very light trading,” said Grant Wilson, a foreign exchange vice president at Mellon Bank in Pittsburgh. “It didn’t seem like the market was interested in picking a fight on either side.”
Currency in Dollar in Exchange Dollars foreign currency
Canada .7087 1.4110 France .1631 6.1305 Germany .5468 1.8287 Great Britain 1.6410 .6094 Italy .000556 1799.00 Japan .007845 127.47 Mexico .115714 8.6420
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 not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.
Subscribe to the Coronavirus newsletter
Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.