Dollar rises on European debt worries

07:48, November 16, 2010      

Email | Print | Subscribe | Comments | Forum 

The U.S. dollar rose against major currencies in late New York trading on Monday as debt problems in the eurozone might deepen.

The euro fell below 1.36 against the dollar in late trading session as investors worried about the sovereign debt troubles in Ireland and Portugal.

Although the Fed had announced a new round of quantitative easing policy, which most investors expect to pressure on the dollar, the European debt problem recently gained much more attention in the market.

The dollar index, which gauged the greenback's performance against a basket of six currencies, rose 0.5 percent to 78.431 and once hit a high of 78.629, its strongest level since early October.

In late Monday trading, the dollar bought 83.04 Japanese yen, comparing with 82.45 late Friday, and the euro fell to 1.3599 dollars from 1.3693. The British pound fell to 1.6065 dollars from 1.6146. The dollar rose from 0.9776 to 0.9848 against the Swiss franc, and also rose to 1.0098 Canadian dollars from 1.0074.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion