By Sarah Turner, MarketWatch
SYDNEY (MarketWatch) — The U.S. dollar extended gains against major rivals including the euro in Asian trading hours Tuesday, as some analysts viewed European debt troubles as the immediate concern even after a ratings agency lowered its outlook on U.S. government credit.
The dollar index DXY -.00% , which measures the greenback against a basket of six currencies traded at 75.55, compared to 75.504 in late North American trading Monday.
Ratings agency Standard & Poor’s cut its ratings outlook on the U.S. to negative from stable on Monday. Read more on S&P outlook move.
But traders bought into the dollar, which advanced on Monday, from 74.867 in late North American trading Friday.
By Sarah Turner, MarketWatch
SYDNEY (MarketWatch) — The U.S. dollar extended gains against major rivals including the euro in Asian trading hours Tuesday, as some analysts viewed European debt troubles as the immediate concern even after a ratings agency lowered its outlook on U.S. government credit.
The dollar index DXY -.00% , which measures the greenback against a basket of six currencies traded at 75.55, compared to 75.504 in late North American trading Monday.
Ratings agency Standard & Poor’s cut its ratings outlook on the U.S. to negative from stable on Monday. Read more on S&P outlook move.
But traders bought into the dollar, which advanced on Monday, from 74.867 in late North American trading Friday.
