NEW YORK, March 15 (Xinhua) — The U.S. dollar rose in late trade on Wednesday as market participants sought safe havens amid banking turmoil.
The dollar index, which measures the greenback against six major peers, rose 1 percent to 104.6299.
In late New York trading, the euro fell to US$1.0587 from US$1.0740 in the previous session, and the British pound fell to US$1.2077 from US$1.2172 in the previous session.
The US dollar bought 133.50 Japanese yen, down from 134.16 Japanese yen from the previous session. The US dollar was up to 0.9285 Swiss francs from 0.9132 Swiss francs and it was up to 1.3741 Canadian dollars from 1.3681 Canadian dollars. The US dollar increased to SEK 10.5693 from SEK 10.4665.
The above market reactions came as the turmoil at Credit Suisse renewed fears of a banking crisis.
Shares in Credit Suisse fell to a record low on Wednesday after a top investor in the embattled Swiss bank said it would not make further investments in the company.
The concerns came at a time when market sentiment was already shaken by recent bank failures in the United States.
Source: sn.dk