Dollar Rises Against Yen, Mark

Thu., March 12, 1998

The dollar hit a seven-week high against the Japanese yen Wednesday as a bribery scandal spread to the Bank of Japan and as a report indicated further weakness in the sickly Japanese economy.

The dollar ended higher against the German mark, aided by the U.S. currency’s rise against the yen and a credit rating downgrade of Russia’s foreign-currency debt.

“The yen is still vulnerable to corruption higher up,” said Margaret Kudarauskas, a senior foreign exchange analyst at Technical Data in Boston.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7095 1.4095

France .1629 6.1380

Germany .5461 1.8313

Great Britain 1.6483 .6067

Italy .000555 1801.00

Japan .007733 129.32

Mexico .116686 8.5700

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Dollar Rises Against Yen, Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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