7th July 2015
Safe haven demand saw the US dollar climb to its strongest in a month against its major peers on Tuesday, as concerns about Greece’s possible exit from the euro weighed on markets.
The dollar index rose half a percent to its highest since June 5th as the buck advanced against the faltering euro.
With a last-ditch attempt to agree a Greek bailout deal being led by France, the euro shed nearly one per cent.
The buck was also up strongly against the pound, with the cable dropping one per cent as weak UK manufacturing data weighed on sterling.
Australia’s dollar dipped to fresh six-year lows against its US counterpart after the country’s central bank kept interest rates on hold at two per cent, while the Canadian dollar fell to its lowest in three months.
Stocks were also lower across Europe on Tuesday as investors look to a summit in Brussels for a deal between Greece and its creditors.
Earlier, Chinese stocks fell again in spite of easing measures designed to stave off a full-blown rout.
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