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Killing bin Laden raises the dollar to its highest level in 3 years



The dollar rebounded from its lowest level in three years against some currencies on Monday, supported by the killing of Osama bin Laden, but gains were limited and expected to keep interest rates low in the United States the U.S. currency is weak.


The dollar rose in reaction to initial reports U.S. special forces killed the leader of al Qaeda in Pakistan as a positive factor for Washington, which haunted him for nearly ten years.

The news sparked a demand for U.S. currency to cover short positions after the dollar index, the weakest level since mid-2008. With the closure of many markets in Asia and the markets of London for a public holiday, there is a shortage of liquidity in the markets.

He called on world leaders to be cautious in anticipation of any possible retaliatory action. Analysts say this may be a positive for the dollar if it led to a wave of conversions to the dollar in search of safe haven, but added it is unlikely at this time.
The dollar index 73.154, up 0.3 percent on the day after it fell to 72.813 in Asian trade, the lowest level since mid-2008.
The dollar rose 0.3 percent to 81.50 yen.
The lack of liquidity in the markets for trading is stable Australian dollar, which came down about 0.2 percent to U.S. $ 1.0943, after hitting its highest level in nearly 29 years in early trading at 1.1011 U.S. dollars.