Dollar rises against euro on concerns over the health of the global banking sector - Nov 3

03 November 2009 @ 05:05 pm EDT

The greenback strengthened against euro on Tuesday as the disappointing earning reports from UBS coupled with a reorganisation of U.K. banks Lloyds and Royal Bank of Scotland increased the dollar's safe-haven appeal. In late European afternoon, the ICE futures U.S. dollar index hit its highest since early October at 76.817 before retreating in New York afternoon as DJI pared its early 85-point losses and closed down 17.69 points.

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