Dollar Rises Against Mark

Tue., May 12, 1998

The dollar rose against the mark and other European currencies Monday as traders increasingly discounted the idea of Germany hiking interest rates soon.

The dollar edged lower against the yen on renewed fears of intervention to back up the Japanese currency.

Euphoria ruled European foreign exchange markets for most of last week as traders celebrated the successful selection of 11 European Union members and the start Jan. 1 of the euro, a single European currency.

The dollar fell against the yen during Asian trading Monday on renewed fears of Bank of Japan intervention.

Exchange Currency in Dollars Dollar in foreign currency Canada .6968 1.4352 France .1678 5.9580 Germany .5629 1.7766 Great Britain 1.6297 .6136 Italy .000571 1742.00 Japan .007533 132.75 Mexico .118078 8.4690

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Dollar Rises Against Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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