The dollar strengthened for a fourth day after the shares compared their progress, fueling demand for the relative safety of U.S. currency.
The dollar rose against the euro and the pound as the benchmark Stoxx 600 index trimmed gains to 0.2 percent to 0.7 percent.
"We have seen an unfortunate culture of risk-off in markets throughout the morning," said Daragh Maher, deputy head of global currency strategy at Credit Agricole Corporate & Investment Bank in London. "I suspect that given an offer to the dollar and caused the euro down. We have seen the stock markets open well in Europe and then fall very rapidly."
The U.S. currency rose 0.4 percent to $ 1.3214 per euro at 11:26 am in London from $ 1.3262 yesterday. The dollar rose 0.3 percent against the pound.
The dollar index, which tracks the greenback against the currencies of six major U.S. trading partners, including the euro, yen and sterling, rose 0.2 percent to 80,169.
0 comments:
Post a Comment