Dollar mixed on high oil prices

09:30, March 08, 2011      

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The U.S. dollar traded mixed against major currencies in late New York trading on Monday, as the oil prices reached a new high.

Oil prices kept rising on Monday as Libya's violence continued. Investors are still concerned that high oil prices will hurt global economic recovery and bring possible inflation problems. The negative sentiment weighed on the dollar.

The euro fell to 1.3968 dollars on Monday from 1.3987 late Friday. It topped 1.40 against the dollar in early trading last Friday, the highest level since November.

In late Monday trading, the dollar bought 82.29 yen, comparing with 82.32 late Friday.

The British pound fell to 1.6202 dollars from 1.6262. The dollar fell from 0.9264 to 0.9262 against the Swiss franc, but rose to 0.9730 Canadian dollars from 0.9724.

Source: Xinhua
 
 
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