On reports that the Japanese Fukushima Daiichi nuclear power plant’s crisis raised to level of the 1986 Chernobyl disaster, US dollar jumped against the major currencies of the world, but Yen succeeded to gain 0.200% versus the green back. Moreover the news that the US government’s shutdown had been saved by the result oriented negotiations between Democrats and Republicans, sent dollar higher during the late trade at the North American markets. The dollar index, which is a measure of the US unit against a basket of six other currencies, went up from 74.989 to 75.146 in late North American trading on Monday. Federal Reserve’s Vice Chairman, Janet Yellen, expressed that Fed would closely monitor the price escalations, in order to stay away from the mistakes made in the 1970s, when surging oil prices sent the consumer prices high. On Tuesday morning the news indicated that two earthquakes hit Japan; however, there were no instant reports of damages or injuries. The investors bought the green back on the concerns of the extended crisis at Fukushima Daiichi nuclear power plant, which was reported to rate at 7 from the earlier 5. The dollar was viewed traditionally as the safe heaven currency. Currency strategist at Nikko Cordial Securities, Keiji Matsumoto, explained that the currency market had been facing several risk factors and investors reinforced the risk appetite over the past weeks. Moreover, European Central Bank’s decision to raise the interest rates boosted the common currency and Euro added 1.60% during last week versus the green back. US dollar traded with a varied trend as political shutdown was avoided by the Congress. USD added +0.025% versus the British Pound, advanced versus the Euro by +0.035%, +0.210 versus the Australian Dollar as well as it gained 0.408% versus the Indian Rupee, however, against Japanese Yen it declined -0.200%, decreased versus the Swiss Franc by -0.396, -0.684% while -0.045% versus the Canadian Dollar.

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