Confidence Boosts Dollar

Wed., Nov. 25, 1998

The dollar rose against most major currencies Tuesday as consumer confidence in the U.S. economy continued even as Wall Street retreated from a new peak.

The dollar wavered throughout the session in listless trading ahead of Thursday’s Thanksgiving holiday. Many traders were hesitant to make heavy bets going into the holiday.

The dollar gained support Monday from a 215-point gain in the Dow Jones industrial average, which capped a nearly 2,000-point rally in four months and put the average at a new high of 9,374.27 after summer lull.

Exchange Currency in Dollars Dollar in foreign currency Canada .6451 1.5502 France .1748 5.7195 Germany .5864 1.7053 Great Britain 1.6595 .6026 Italy .000592 1688.40 Japan .008252 121.18 Mexico .101010 9.9000

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Confidence Boosts Dollar

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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