LONDON Nov 9 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.
Trending On Reuters
Having bitten the bullet on bad loans, India's state-owned banks now need to merge into half a dozen well-capitalised institutions than can underwrite economic growth, the official overseeing the sector's overhaul said. Full Article