The dollar got a lift Monday morning after a leading credit ratings agency warned that the U.S. and the U.K. could see a downgrade of their top AAA credit rating.
That triggered a pull-back from riskier assets such as emerging-market currencies and stocks as investors sought safety in the dollar.
In morning trading in New York, the 16-nation euro fell to $1.3713 from $1.3757 late Friday, even as fears of a crisis because of Greek debt subsided. Heavy debt loads in several smaller European countries have weighed on the euro this year. Greece said Friday it had exceeded its deficit-cutting targets in January and February. Finance ministers from countries that …
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