Dollar goes up against its counterparts in a risk-off trading

U.S. dollar

The American dollar was sharply higher against the other major currencies today, as market concerns grew around the long-awaited meeting between U.S. President Barack Obama and Republican lawmakers, where they are going to consider how to tackle the fiscal cliff. Tensions about the euro zone debt are still topical.

During European morning trade, the greenback was broadly higher against the euro, with EURUSD trading at 1.2727.

The U.S. dollar was stable against the pound, with trading at 1.5868.

Besides, the dollar went down against the yen, with USDJPY trading at 81.06, but marked an increase against the Swiss franc, with USDCHF reaching 0.9456.

The American currency was also higher against its Canadian, Australian and New Zealand rivals, with USDCAD trading at 1.0017, doing down to 1.0321 and reaching 0.8089.

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