Dollar index rises to two-month high, euro extends falls

LONDON Fri Nov 9, 2012 6:40pm IST

LONDON Nov 9 (Reuters) - The dollar index rose a two-month high as the euro extended losses on Friday with the U.S. currency also bolstered by safe-haven inflows as riskier assets like stocks took a knock.

The dollar's move higher helped it to gain to a three-month high against the Canadian dollar.

The index which measures the dollar's performance against a basket of major currencies, rose 0.3 percent to 81.086 its highest level since early September.

The euro fell past reported option barrier at $1.2700 to hit a fresh two-month low of $1.2691. The euro also hit a two-month low against the safe-haven Swiss franc of 1.2053 francs.

The commdity-linked Canadian dollar fell to a three-month low against the safe-haven U.S. dollar. The dollar rose to C$1.0027, its highest level since early August.

"India's Daughter"

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage