Dollar index rises to two-month high, euro extends falls
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.
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Comedian Joan Rivers remains in serious condition at N.Y. hospital
- Exclusive: Reliance plans $13 billion projects including new refinery
- Ukraine seeks to join NATO; defiant Putin compares Kiev to Nazis
- Swedish carrier backs out as first Bombardier CSeries operator
India's economy grew by a faster-than-expected 5.7 percent in the three months through June, its fastest pace in two-and-a- half years, helped by a rebound in manufacturing and mining sectors, government data showed on Friday. Full Article
Exclusive: Reliance plans $13 billion projects including new refinery. Full Article
In race for bigger margins, drug makers willing to lose the India "advantage". Full Article