Eurozone Uncertainty Boosts Dollar -

By Anonymous
Eurozone Uncertainty Boosts Dollar -

Packs of freshly printed 20-dollar notes at the U.S. Treasury's Bureau of Engraving and Printing in Washington. Photo: eva hambach/Agence France-Presse/Getty Images

The dollar edged higher Tuesday, as investors fretted over political uncertainty in the eurozone.

The euro was recently down 0.3% at $1.1546. The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, was up 0.2% at 89.93.

Worries over European politics resurfaced after an Italian lawmaker said the country “would resolve the vast majority of its [economic] problems” if it had its own currency, sending the euro lower.

Those comments followed a government announcement last week of a budget plan that investors fear has put Italy on a collision course with the European Union.

The concerns cast a pall over emerging-market currencies. The dollar was recently up 0.7% against the Turkish lira and rose 0.8% against the South African rand.