NEW YORK (
) -- Stocks drifting down in both China and the U.S. sent the dollar rising today, as investors took the greenback's safe haven status to heart.
The dollar was gaining against a group of currencies today, up at 94.9650 Japanese yen. The dollar was also tracking up at 1.0917 Canadian dollars and 1.0897 Swiss francs.
Shanghai Composite Index
lost 5%, or 171.94, to close at 3,266.43 points. That's the deepest dive for the benchmark index in eight months. In the afternoon, the
Dow Jones Industrial Average
were each losing 0.9%, 0.7% and 0.8%, respectively.
The euro was down at $1.4018 while the British pound dropped to $1.6376.
The Australian dollar, which was building yesterday, was down at 81.41 U.S. cents.
--Reported by Sung Moss in New York.
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