U.S. dollar gains 1 percent vs Swiss franc, euro
NEW YORK, June 21
NEW YORK, June 21 (Reuters) - The U.S. dollar accelerated gains on Thursday, rising 1 percent against the Swiss franc and euro as it continued to attract safe-haven flows in the midst of data showing a global slowdown.
Continued softness in U.S. jobless claims, with the four-week moving average hitting a six month high, the sharp contraction in the mid-Atlantic region's business index, and weakness in global output heightened the market's aversion to risk.
The dollar hit session highs of 0.9552 against the franc, up 1 percent on the day, while the euro hit session lows of $1.2571, down 1 percent.
- White House reverses, says Obama met uncle and lived with him during law school
- With song and sadness, South Africans mourn Mandela |
- U.S. television, Twitter, alive with new version of 'Sound of Music'
- Ford leans on global Mustang to burnish overseas image
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image