NEW YORK, March 15 (Xinhua) — The U.S. dollar surged in late buying and selling on Wednesday as market members sought secure havens amid banking turmoil.
The dollar index, which measures the buck in opposition to six main friends, elevated 1 % to 104.6299.
In late New York buying and selling, the euro fell to 1.0587 U.S. {dollars} from 1.0740 {dollars} within the earlier session, and the British pound fell to 1.2077 U.S. {dollars} from 1.2172 {dollars} within the earlier session.
The U.S. dollar purchased 133.50 Japanese yen, decrease than 134.16 Japanese yen of the earlier session. The U.S. dollar was as much as 0.9285 Swiss francs from 0.9132 Swiss francs, and it was as much as 1.3741 Canadian {dollars} from 1.3681 Canadian {dollars}. The U.S. dollar elevated to 10.5693 Swedish Kronor from 10.4665 Swedish Kronor.
The above market reactions got here as turbulence at Credit Suisse renewed fears of a banking disaster.
Shares of Credit Suisse on Wednesday plunged to a report low after a high investor within the embattled Swiss financial institution mentioned it could not make additional investments within the agency.
The turmoil got here at a time when market sentiment was already dented by current financial institution failures within the United States.