WORLD FOREX

WORLD FOREX: Dollar Hits August High Vs Euro, Low Vs Yen

NEW YORK (Dow Jones)--The dollar rose to it highest level this month against the euro on Monday but fell to an August-low versus the yen, as investors sought the safety of lower-yielding assets amid a drop in global stock indices.

The appetite for risk retreated after disappointing U.S. data releases last week and another U.S. bank failed over the weekend.

This has dragged down world stocks and sent traders back to the currencies in which they typically use to fund riskier bets - the dollar and yen. As a result, the euro declined to $1.4045 - its lowest level since ...