TOKYO – The US dollar has hit four months low against the main currenciesin the international market.
The dollar fell against the safe-haven yen and Swiss franc on Tuesday asinvestors cut their exposure to riskier assets amid the partial U.S.government shutdown and signs of confrontation between the White House andthe Federal Reserve.
The dollar fell 0.39 percent to 110.00 yen, its lowest level since lateAugust and is set to fall for an eighth straight session against theJapanese currency, with London and New York shut for Christmas.
The yen also hit a 16-month high against the British pound, trading at139.90 yen and a four-month high against the euro, at 125.60 yen.
The Swiss franc rose 0.2 percent against the dollar to a 12-week high of0.98355 to the dollar, extending its 0.9 percent rise on Monday, itsbiggest daily gain in 11 months.
Gold rose to a six-month high of $1,269.30 per ounce on Monday.