By William L. Watts and Sarah Turner, MarketWatch
LONDON (MarketWatch) — Flaring tensions in the Mideast provided the dollar with some modest safe-haven support Monday, but gains were limited as rising oil prices helped cushion the blow to the euro and the British pound, strategists said.
The dollar index (DXY 77.72, +0.06, +0.08%) rose to 77.739 on Monday, extending gains from late North American trading Friday when it was at 77.632 amid reports that Iran had received permission from Egypt to send warships through the Suez Canal.
By William L. Watts and Sarah Turner, MarketWatch
LONDON (MarketWatch) — Flaring tensions in the Mideast provided the dollar with some modest safe-haven support Monday, but gains were limited as rising oil prices helped cushion the blow to the euro and the British pound, strategists said.
The dollar index (DXY 77.72, +0.06, +0.08%) rose to 77.739 on Monday, extending gains from late North American trading Friday when it was at 77.632 amid reports that Iran had received permission from Egypt to send warships through the Suez Canal.
