The dollar mostly rose Tuesday as major bank restructurings in Europe and worries over slow growth made the currency more attractive to investors seeking safety amid central bank meetings in the U.S. and Europe this week.
Signs of economic trouble burnish the allure of the dollar and the safe-haven U.S. Treasuries it can buy.
In morning trading in New York Tuesday, the 16-nation euro fell to $1.4657 from $1.4753 late Monday. Meanwhile, the British pound dropped to $1.6378 from $1.6383. The dollar dipped to 90.24 Japanese yen from 90.35 yen.
On Tuesday, two British banks announced huge capital raises, and their stocks dropped. Lloyd Banking Group …
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