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U.S. dollar mixed amid DPRK missile launch, Hurricane Harvey

NEW YORK
2017-08-30 08:37

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The U.S. dollar traded mixed on Tuesday amid the missile launch by the Democratic People's Republic of Korea (DPRK) and Hurricane Harvey's massive damage.

The DPRK fired a missile early Tuesday and the missile fell into the Pacific Ocean off Hokkaido after passing over the Japanese archipelago, said the Japanese government.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose nearly 20 percent on Tuesday.

Tensions between the United States and the DPRK had risen earlier this month after U.S. President Donald Trump said the DPRK would face "fire and fury" if it continued to threaten the United States.

Meanwhile, investors also kept an eye on the energy sector as reports showed Hurricane Harvey had caused massive damage and forced evacuations in Texas.
The dollar index, which measures the greenback against six major peers, ticked up 0.01 percent at 92.214 in late trading.

In late New York trading, the euro increased to 1.1993 dollars from 1.1980 dollars in the previous session, and the British pound decreased to 1.2928 dollars from 1.2941 U.S. dollars in the previous session. The Australian dollar decreased to 0.7963 dollar from 0.7971 dollar.

The U.S. dollar bought 109.57 Japanese yen, higher than 109.11 yen of the previous session. The U.S. dollar lost to 0.9534 Swiss franc from 0.9550 Swiss franc, and it edged up to 1.2528 Canadian dollars from 1.2493 Canadian dollars.
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