Dollar starts week on strong footing on firm safe-haven bid

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Reuters UK

By Alun John HONG KONG (Reuters) – The dollar started the week just off a 20-year high against peers on Monday, as investors sought safety due to fears about global growth while cryptocurrency markets appeared to find some stability after last week’s turmoil. The dollar index was at 104.54, having briefly crossed the 105 level on Friday, its highest since December 2002, after six successive weeks of gains. Investors have flocked to the safe-haven currency on concerns about the U.S. Federal Reserve’s ability to dampen inflation without causing a recession, along with worries about slowing growt…

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