Economics
Dollar Up Most in Week as Syria Tensions Drive Flight to Safety
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The dollar rose the most in a week as the prospect of U.S. military action against Syria deterred risk-taking and prompted investors to buy the safest assets.
The Australian dollar fell against most of its 16 major peers and India’s rupee and Turkey’s lira dropped to record lows as the prospect of an expanded Middle East conflict damped demand for emerging-market currencies. U.S. Treasury 10-year note yields climbed from the lowest level in almost two weeks before a government report tomorrow forecast to show the economy grew more last quarter than earlier estimated.