Wed, 20 Oct 2021

U.S. dollar rises amid safe-haven demand

21 Sep 2021, 06:05 GMT+10

NEW YORK, Sept. 20 (Xinhua) -- The U.S. dollar moved higher in late trading on Monday as risk-off sentiment increased on the market, bolstering appetite for the safe-haven currency.

The dollar index, which measures the greenback against six major peers, rose 0.09 percent at 93.2760.

In late New York trading, the euro fell to 1.1723 U.S. dollars from 1.1729 dollars in the previous session, and the British pound decreased to 1.3644 dollars from 1.3738 U.S. dollars in the previous session. The Australian dollar decreased to 0.7237 U.S. dollar from 0.7273 dollar.

The U.S. dollar bought 109.36 Japanese yen, lower than 109.91 Japanese yen of the previous session. The U.S. dollar fell to 0.9277 Swiss franc from 0.9322 Swiss franc, and it rose to 1.2827 Canadian dollars from 1.2745 Canadian dollars.

The above market reactions came as risk assets such as equities were under heavy pressure. U.S. stocks fell sharply on Monday with Dow dropping more than 700 points in late trading, after shedding more than 900 points at its session low.

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