U.S. dollar jumps on safe-haven bids as banking fears mount

NEW YORK, March 15 (Xinhua) -- The U.S. dollar surged in late trading on Wednesday as market participants sought safe havens amid banking turmoil.

The dollar index, which measures the greenback against six major peers, increased 1 percent to 104.6299.

In late New York trading, the euro fell to 1.0587 U.S. dollars from 1.0740 dollars in the previous session, and the British pound fell to 1.2077 U.S. dollar