You are here: Home » Reuters » News
Business Standard

U.S. stocks flat after last week's rally; dollar strengthens

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - The dollar hit a more than one-week high against a basket of currencies and the euro eased on Monday, while U.S. stocks were little changed after starting 2018 with strong gains last week.Investors took profits in the euro after the common currency's recent rally.The dollar index, which measures the greenback against six rival currencies, was up 0.4 percent at 92.321. The euro slipped 0.48 to $1.197. The euro hit a nearly four-month high of $1.2089 last week. "The euro got a little bit over its skies when it traded over $1.20," said Brad ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, January 08 2018. 22:55 IST