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To: long-gone who wrote (21699)	10/15/1998 9:17:00 AM
From: cool	Read Replies (2) \| Respond to of 116790

(COMTEX) A: Thursday's U.S. Dollar Report A: Thursday's U.S. Dollar Report Dollar heads lower NEW YORK, Oct. 15 (UPI) _ The U.S. dollar is lower in moderate North American dealings against major foreign currencies, knocked down by a fresh reading on inflation. Analysts said the dollar fell to early lows of 1.6283 German marks and 117.51 Japanese yen after the Labor Department reported producer prices for finished goods registered their biggest gain in a year in September. Labor said the producer price index climbed 0.3 percent after falling 0.4 percent in August. Analysts said the rise signals a slight uptick in inflationary pressures even as the U.S. economy slows. Most economists on Wall Street were expecting the PPI, which reflects costs moving down the pipeline toward consumers, to remain unchanged for the month. Labor also reported the index of core producer prices, which excludes the volatile food and energy sectors, rose 0.4 percent in September. Wall Street experts were only expecting the core rate to rise 0.1 percent. Analysts said the dollar weakened on the inflationary pressures and the surprise rise in the core rate, which was the largest gain since September last year. In early New York trading, the dollar fell to 1.6303 German marks from 1.6415 late Wednesday and to 117.66 Japanese yen from 118.68. The British pound fell to $1.6982 from $1.7043, the Irish punt rose to 1.5291 from 1.5209, while the U.S. dollar rose against its Canadian counterpart to $1.5468 from $1.5425. Against other currencies, the dollar fell to 1.3264 Swiss francs from 1.3361, to 5.4656 French francs from 5.4984 and to 1,615.50 Italian lire from 1,624.00. In Europe, the dollar eased in Frankfurt to 1.6364 marks from 1.6388, but rose in Zurich to 1.3340 Swiss francs from 1.3296. The dollar slipped in Paris to 5.4856 French francs from 5.4931, in Brussels to 33.75 Belgian francs from 33.80 and in Rome to 1,619.10 Italian lire from 1,621.30 lire. In London, the pound eased to $1.7054 from $1.7056, while in Ireland, the punt rose to 1.5213 compared with 1. 5191. In Asia, the dollar eased in Tokyo to 118.73 yen from 119.72 yen, but ended steady for the third consecutive session in Hong Kong at 7.7460 Hong Kong dollars. _- Copyright 1998 by United Press International. All rights reserved. _- * end of story *