1st LD Writethru: U.S. dollar slumps amid global turmoil

The U.S. dollar fell against most major currencies Tuesday amid a sell-off in global stocks and declining oil prices.

U.S. stocks declined broadly amid global sell-off. Japanese equity market plummeted more than 5 percent Monday as investors fled to safety. European stocks also suffered broad losses; the Stoxx Europe 600 Index decreased 2.4 percent Tuesday.

Meanwhile, oil prices extended losses Tuesday as market expected the global supplies to exceed demand.

Market turmoil around the globe has triggered demand for safe-haven currencies including Japanese yen and Swiss francs. The yen rose 0.60 percent against the greenback Tuesday to touch the highest level since November 2014.

The dollar index, which measures the greenback against six major peers,was down 0.53 percent at 96.063 in late trading.

In late New York trading, the euro climbed to 1.1289 U.S. dollars from 1.1198 dollars of the previous session, and the British pound increased to 1.4457 U.S. dollars from 1.4425 dollars. The Australian dollar went down to 0.7058 U.S. dollar from 0.7080 dollar.

The U.S. dollar bought 114.90 Japanese yen, lower than 115.34 yen of the previous session. The U.S. dollar moved down to 0.9722 Swiss franc from 0.9861 Swiss franc and slipped to 1.3893 Canadian dollars from 1.3952 Canadian dollars. Endit