U.S. dollar soars as Wall Street dithers, Dow Jones drops 152 points

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NEW YORK, New York – U.S. stock markets were treading water Tuesday after relentless losses over recent days.

The U.S. dollar meantime soared on foreign exchange markets.

The British pound dived to 1.1985 by the New York close Tuesday. The Japanese yen weakened to 1`35.18. The Swiss franc was sharply lower at 1.0016. The euro fell to 1.0412.

The Canadian dollar sank to 1.2955. The Australian dollar fell heavily to 0.6865. The New Zealand dollar was sharply weaker at 0.,6211.

On equity markets, the Dow Jones fell 151.91 points or 0.50 percent to 30,364.83.

The Nasdaq Composite gained 19.12 points or 0.18 percent to 10,828.35.

The Standard and Poor’s 500 fell 14.15 points or 0.38 percent to 3,735.48.

On overseas equity markets, the FTSE 100 in London declined 0.25 percent. The German Dax was off 0.91 percent. In Paris, the CAC 40 retreated 1.20 percent.

The Australian market returning from a long weekend sold the All Ordinaries off, peeling 264.00 points or 3.69 percent from the benchmark index, with the closing level at 6,881.20.

In New Zealand, the S&P/NZX 50 dropped 283.34 points or 2.59 percent to 10,641.36.

Japan’s Nikkei 225 declined 357.54 points or 1.32 percent to 26,629.86.

In South Korea, the Kospi Composite gave up 11.54 points or 0.46 percent to 2,492.97.

Going against the trend, China’s Shanghai Composite gained 33.36 points or 1.02 percent to 3,288.91.

The Hang Seng in Hong Kong inched up 0.39 of a single point to finish flat at 23,067.99.