Dollar Weakens As Stocks Falter

A dollar rally against the yen faded Monday and the U.S. currency ended mostly lower, hurt by strength in the German mark and a late sell-off in the American stock and bond markets.

Traders attributed the mark’s rise partly to a technical rebound from Friday, when the German currency fell against the dollar after European Union finance ministers reached a stability pact for the planned euro currency.

The mark’s partial recovery, combined with a decline on Wall Street late in the day, diminished the appetite for dollars. The Dow Jones average reversed a 50-point gain to end with a loss of 36.52 points.

Exchange Currency in Dollars Dollar in foreign currency Canada .7335 1.3633 France .1918 5.2135 Germany .6470 1.5455 Great Britain 1.6669 .5999 Italy .000656 1524.00 Japan .008780 113.90 Mexico .126952 7.8770