The dollar rose to a one-month high against the euro on Tuesday as a sell-off in global equities drove haven demand for the US currency.
Stocks fell as investors took risk off the table in the wake of another run of bad news from the banking sector. US equities were volatile. UBS, the Swiss bank, reported a greater-than-expected loss. In the UK, RBS announced it was taking more public funding, and Lloyds Banking Group announced a rights issue.
