Early trade in New York: dollar, franc, yen gain

19 Aug, 2011

The dollar, yen, and Swiss franc climbed on Thursday as worries about a slowing global economy and European banks' exposure to the eurozone debt crisis drove investors to the relative safety of these currencies. The dollar and euro traded mixed against the Swiss franc. The greenback edged higher to 0.79230 franc while the euro dropped 0.6 percent to 1.13355 francs. The euro had earlier climbed to 1.15150.
The dollar was flat against the yen at 76.510 yen, not far from its record low of 76.25 yen struck in March. The euro dropped 0.9 percent versus the yen to 109.515 yen.

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