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Dollar Rises As Investors Turn To Safe-Haven Assets
(MENAFN- The Peninsula)
QNA
Singapore: The dollar rose Monday as investors turned to safe-haven assets, but the restrained moves suggest markets are monitoring developments in the Middle East.
In currency markets, the euro was 0.33% lower at $1.1484, while the Australian dollar, often seen as risk proxy, hit a one-month low and was last 0.67% weaker at $0.6408.
That left the dollar index , which measures the US currency against six other units, 0.12% higher at 99.037.
Sterling was 0.26% lower at $1.3416, while the New Zealand dollar sank 0.68% to $0.5926.
The dollar was up 0.52% against the yen at 146.81 after touching a one-month high earlier in the session.
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