Dollar Climbs To 13-Month High
Monday,
13-Aug-2018
04:05 PM (IST)
The U.S. dollar climbed to a 13-month high, as the falling lira fueled demand for safe havens.The dollar index, which measures the greenback against a basket of currencies, was a shade higher at 96.30, after climbing to its highest since early June 27, 2017 at 96.39 earlier.The yen and Swiss franc were also well-supported.The euro, on the other hand, fell to its lowest levels in more than a year, with EUR/USD down 0.2% at 1.1388 after touching a low of 1.1365 earlier.The pound was wallowing near its lowest levels since June 2017, with GBP/USD at 1.2760, pressured lower by the stronger dollar and fears over the growing prospect of a ‘no-deal’ Brexit.
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