Dol­lar Strength­ens Against Peers

The Economic Times - - Finance & Commodities -

The dol­lar strength­ened against its ma­jor peers and gold fell as de­mand for some haven as­sets ebbed. The weaker euro helped Euro­pean stocks ad­vance. The Bloomberg Dol­lar Spot In­dex rose the most in al­most two weeks af­ter a mem­ber of the Fed­eral Re­serve in­di­cated a March rate in­crease re­mains on the cards. Mean­while, US gold fu­tures dipped 0.1% to $1,230.50. While con­tro­versy over Pres­i­dent Don­ald Trump’s tem­po­rary travel ban on peo­ple from seven Mus­lim-ma­jor­ity coun­tries has re­cently boosted the dol­lar and gold as safe-haven as­sets, fo­cus shifted to Europe on Tues­day. —AGEN­CIES

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