The dollar rose today, taking advantage of its position as a safe haven in light of the possibility of default in the debt payment in the United States, as dealers reduced their bets that the Federal Reserve will cut interest rates soon.
The dollar index rose 0.3% to 102.96 against a basket of major currencies, the highest level since early April.
The dollar rose 0.4% against the Japanese yen to a two-week high of 136.99 yen, and rose 0.5% against the pound to $1.2422, the highest level since April 26.
The New Zealand dollar generally settled at $0.6232.
While the euro fell 0.3% to its lowest level in six weeks against the US currency, to 1.0831 dollars.
