Dollar Strengthens as Stock Declines Boost Demand for Safety
February 08, 2012, 11:14 PM ESTBy Masaki Kondo
Feb. 9 (Bloomberg) -- The dollar strengthened against 14 of its 16 major peers as declines in Asian equities boosted demand for the U.S. currency as a haven.
The greenback rose 0.2 percent to 77.16 yen as of 11:32 a.m. in Tokyo and was little changed at $1.3256 per euro. The MSCI Asia Pacific Index of shares fell as much as 1 percent.
To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net
To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net
