The U.S. dollar gained against most major currencies Monday as the rising tensions in Middle East increased the demand for safe-haven currency.
On Sunday, Saudi Arabia cut off its diplomatic relations with Iran after angry protesters stormed its embassy in Tehran, the Iranian capital, to protest against Saudi's execution of prominent Shiite cleric Sheikh Nimr Baqir al-Nimr.
The dollar index, which measures the greenback against six major peers,was up 0.25 percent at 98.841 in late trading. In late New York trading, the euro went to 1.0832 dollars from 1.0870 dollars of the previous session, and the British pound decreased to 1.4715 dollars from 1.4740 dollars. The Australian dollar went down to 0.7184 U.S. dollar from 0.7288 dollar. The U.S. dollar bought 119.31 Japanese yen, lower than 120.18 yen of the previous session. The dollar moved up to 1.0020 Swiss francs from 1.0019 Swiss francs and rose to 1.3949 Canadian dollars from 1.3839 Canadian dollars.
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