The dollar rose sharply after the armed attack in Korea

The U.S. dollar rose sharply Tuesday amid news about North Korea’s attack on an island south of the border, investors trying to secure placements in terms of geopolitical risks in addition to concerns about the current state debt crisis.

The dollar gained 0.4% ahead of the euro in the morning, being quoted at $ 1.3561 per euro.

South Korea announced Tuesday it has deployed fighters to respond to an artillery attack on northern neighbors Yeonpyeong island, where about 1,300 people. A soldier died, another 13 people were injured and several houses were destroyed by artillery barrage, according to information made public by the first major South Korean state.

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Posted by R.Magnusson on Nov 23 2010. Filed under Featured News, Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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