Dollar Falls Vs. Mark, Rises Vs. Yen

The dollar rose against the Japanese yen Tuesday, but dropped against the mark and other leading currencies amid new uncertainty about a German interest rate cut.

Analysts attributed the dollar’s fall against the mark to traders’ inability to decipher whether the German central bank will cut interest rates to spur the stagnant economy.

Some have assumed that signs of weakness would lead the Bundesbank to cut rates to give the German economy a boost.

By 4 p.m. in New York, the dollar was quoted at 106.17 Japanese yen, up from 105.99 yen late Monday, and 1.4730 German marks, down from 1.4753.

Exchange Currency in Dollars Dollar in foreign currency Canada .7364 1.3580 France .1986 5.0345 Germany .6789 1.4730 Great Britain 1.5335 .6521 Italy .000643 1566.00 Japan .009419 106.17 Mexico .133378 7.4975