Dollar Rises Against Mark

Tue., Oct. 20, 1998

The dollar rose against the mark Monday on reports that six leading German economic institutes were cutting their forecasts for economic growth next year. The dollar fell against the yen in thin trading.

Currency trading was thin after last week’s surprise interest rate cuts by the Federal Reserve. Stocks and bonds surged on Thursday after the rate cut was announced, while the dollar fell.

The German mark fell against the yen on news reports that a group of six economic institutes are expected to report Tuesday that they revised their forecast for 1999 from 2.7 percent to 2.3 percent.

Exchange Currency in Dollars Dollar in foreign currency

Canada .6478 1.5438

France .1829 5.4683

Germany .6129 1.6315

Great Britain 1.7004 .5881

Italy .000620 1612.00

Japan .008750 114.28

Mexico .099651 10.0350

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Dollar Rises Against Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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