BLBG: Dollar Rises Against Euro as Stocks Drop, Deterring Risk Demand
By Dennis Fitzgerald
Oct. 20 (Bloomberg) -- The dollar advanced from a 14-month low against the euro as a drop in stocks discouraged demand for higher-yielding assets.
The U.S. currency also gained on speculation its earlier decline to within a half-cent of $1.50 per euro spurred concern the greenback’s losses are hard to sustain.
The dollar appreciated 0.1 percent to $1.4945 per euro at 9:49 a.m. in New York.
