U.S. dollar index rises more than 1 percent

By IBTimes Staff Reporter | August 10 2010 11:54 AM

The U.S. dollar jumped more than 1 percent against a basket of currencies on Tuesday on growing expectations the Federal Reserve is unlikely to announce any aggressive monetary easing measures at the end of its policy meeting later in the day.

Sponsorship Link

Losses in the U.S. stock market .SPX also dented appetite for risk and lifted the safe-haven greenback.

The ICE Futures U.S. dollar index, which tracks the greenback against a basket of six currencies, rose as high as 81.534 .DXY. It was last at 81.499, up 1 percent. (Editing by James Dalgleish)

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

EU Confidence Could Be the Financial Crisis' Worst Casualty

EU Confidence Could Be the Financial Crisis' Worst Casualty

In Depth

Warped Magazine Editing Fee: Pay-To-Play ‘Scam’ Targeting Unwitting Punk Bands, According To Facebook And Reddit Users

Punk Bands, Would You Pay $45 To Be In A Magazine You’ve Never Heard Of?

Arne Svenson ‘Neighbors’ Exhibit: Is It Legal To Take Secret Photos Of People In Their Apartments?

Arne Svenson’s Voyeuristic Apartment Photos: Are They Actually Legal?

Financial Times Tech Blog, Twitter Accounts Hacked By Pro-Assad Syrian Electronic Army

Financial Times Hacked By Pro-Assad Forces

Chinese Official Says Tibetans No Longer Interested In Dalai Lama's Politics

Chinese Official: Tibetans Don't Agree With Dalai Lama

web counter