Dollar Hits Two-Month Low Vs. Mark

The dollar hit a twomonth low against the mark Thursday as traders turned to the German currency after a report that Japan’s economy shrank sharply in the second quarter.

With Germany’s economy expanding, traders boosted the mark to a nearly three-month high against the yen, in turn pushing the dollar lower against the mark and slightly higher vs. the yen.

In late New York trading, the dollar settled at 1.7805 marks, down from 1.7990 late Wednesday, and its lowest level since July 11.

Exchange Currency in Dollars Dollar in foreign currency Canada .7185 1.3918 France .1671 5.9855 Germany .5616 1.7805 Great Britain 1.6015 .6244 Italy .000575 1738.00 Japan .008365 119.55 Mexico .128601 7.7760