Dollar Gauge Drops Third Day as Havens Gain on North Korea Risks
- Swiss franc, yen lead gains yet remain within familiar ranges
- Euro stays near $1.19, calls bid with key ECB meeting Thursday
Impact of N. Korea Tests on Currency Market Risks
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The Bloomberg Dollar Spot Index dropped for a third day as investors sought the safest currencies amid heightened geopolitical concerns over the Korean peninsula.
Following reports that North Korea tested a nuclear hydrogen bomb on Sunday, signs that Pyongyang may be preparing for the launch of an intercontinental ballistic missile escalated tensions in an already strained region. South Korea’s spy agency told lawmakers that there is possibility that the missile could be launched around North Korea’s national founding day on Sept. 9, or its party foundation day on Oct. 10, according to the Yonhap news agency.