US dollar advances broadly in New York

Posted by 7Star Wednesday, April 8, 2009

The US dollar rose broadly on Monday, as stocks in Europe and on Wall Street fell on fading optimism about a global economic recovery, prompting investors to buy the greenback as a safe haven. The yen fell earlier to a nearly six-month low versus both the dollar and the euro, with investors selling the Japanese currency in response to a rise in global stocks, particularly the Nikkei index.

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