Safe haven dollar stands tall on inflation, energy jitters

Published by
Reuters UK

By Alun John HONG KONG (Reuters) – The dollar was on the front foot at the start of a week in which U.S. and Chinese data and European energy security were top of mind, as investor concerns about global economic growth offered support to the safe haven currency. The euro languished at $1.01475, having lost 2.3% last week and briefly falling to its lowest since late 2002. The greenback gained 0.37% on the yen to 136.63 in early trade, not far from a 20-year peak hit last month, leaving the dollar index at 107.29. “The (dollar) could remain expensive until the risks around elevated global inflat…

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