U.S. dollar rises as stocks stabilize

dollars

NEW YORK  — The U.S. dollar climbed against other major currencies Wednesday as the global equity markets stabilized, lowering demand for safe-haven currency like Japanese yen. U.S. and European stocks traded higher Wednesday following previous day’s sharp declines. The Japanese yen dropped against the greenback for the first time in three sessions as investors’ worries eased. The dollar index, which measures the greenback against six major currencies, was up 0.37 percent at 95.805 in late trading.(Xinhua)…[+]