FR:Forex: Dollar Gains on Worsened European Crisis
he US dollar strengthens against all major currencies today as a new wave of fear about the European debt crisis has emerged in the Markey, pushing the investors towards safe havens and away from stocks. The Standard & Poor’s 500 Index tumbled around 1.2 percent. Besides, the yields on securities of Portugal, Greece, Italy, Spain and Ireland increased as bonds slumped.
EUR/USD slid to 1.4023 at about 23:55 GMT from the opening price of 1.4124. GBP/USD fell to 1.6085 after it opened at 1.6222. USD/JPY spiked to 81.92 after opening at 81.77.
