Dollar Popular Again

The dollar rose against the Japanese yen Tuesday, closing at 28-month highs.

The dollar also rose against the German mark and most other major currencies.

Traders bought dollars betting that Japan’s halting economic recovery and continued sluggishness in Germany will keep interest rates from rising in those countries. Relatively higher U.S. rates makes investments denominated in dollars more valuable.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7305 1.3689

France .1931 5.1780

Germany .6536 1.5300

Great Britain 1.5497 .6453

Italy .000648 1544.00

Japan .009187 108.85

Mexico .134499 7.4350