Dollar Falls Against Mark

Fri., Nov. 6, 1998

The dollar fell against the mark Thursday as Germany’s central bank declined to cut key interest rates, a move that strengthened the mark against the dollar and other currencies. At the same time, the dollar gained against the Japanese yen.

Despite pressure from Germany’s new finance minister, Oskar Lafontaine, to lower rates, the Bundesbank announced no change Thursday in interest rates after its regular policy meeting. The news helped lift the mark against other currencies.

Exchange Currency in Dollars Dollar in foreign currency Canada .6565 1.5232 France .1797 5.5650 Germany .6024 1.6601 Great Britain 1.6600 .6024 Italy .000609 1642.00 Japan .008498 117.67 Mexico .100503 9.9500

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Dollar Falls Against Mark

Jesse Tinsley

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