Dollar Starts Week Softer Singapore, 10 Mar (ONA) — The US dollar was softer today and
trading near its lowest level in four months against major currencies
as concerns over a global trade war troubled investors, lifting safe
havens the yen and the Swiss franc.
The US dollar index, which measures the currency against six
major peers, eased 0.1% to 103.59. The dollar fell more than 3% last
week against major rivals.
The yen was 0.5% firmer at 147.27 per dollar. The Swiss franc hit
a three-month high of $0.87665 in early trading.
The euro was 0.3% higher at $1.086725 after clocking its best
weekly performance since 2009 last week.
In other currencies, sterling rose 0.16% to $1.2941, while the
Australian dollar was 0.14% higher at $0.6315. The New Zealand dollar
last bought $0.57225.— Ends/Khalid
