Dollar Climbs Vs. Mark, Yen

Fri., May 8, 1998

The dollar edged higher against the mark Thursday as German central bankers tried to counter recent bullishness for European currencies.

The dollar was also slightly higher against the Japanese yen, but positive sentiment for the U.S. currency was dampened by revived fears of market intervention by the Japanese central bank to support its currency.

Investors have been expecting Germany’s central bank to raise interest rates, but bank President Hans Tietmeyer said Thursday that rates may well remain the same for some time.

Exchange Currency in Dollars Dollar in foreign currency Canada .6958 1.4371 France .1687 5.9260 Germany .5657 1.7676 Great Britain 1.6491 .6064 Italy .000574 1742.39 Japan .007505 133.24 Mexico .117744 8.4930

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Dollar Climbs Vs. Mark, Yen

Jesse Tinsley

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Molly Quinn

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