Dollar Surrenders Some Ground

The dollar dipped Tuesday in a market still fearful of intervention and awaiting word about whether American interest rates might be cut to help the slowing economy.

“The basic movement has been sideways for the dollar,” said Diego Giurleo, manager of corporate trading at the New York branch of the Royal Bank of Canada.

In late New York trading, the dollar was quoted at 84.49 Japanese yen, down from 84.65 late Monday.

The dollar also was changing hands in New York at 1.3905 German marks, down from 1.3978.

Exchange Currency in Dollars Dollar in foreign currency Canada .7249 1.3795 France .2048 4.8825 Germany .7180 1.3927 Great Britain 1.6045 .6232 Italy .000610 1638.75 Japan .011809 84.68 Mexico .161290 6.2000