TOKYO. Sept 8: International crises usually buoy the US dollar. This time, worries about crumbling economies in Russia and Asia are heightening fears about the fate of American global Investments and sending the dollar plunging, reports AP.

There's a widespread sense that the US dollar is in danger so people are selling." said Masashi Ehara, a manager in the foreign exchange section of Bank of Tokyo-Mitsubishi.

The dollar, often sought as a haven during times of turmoil, has fallen about 15 yen over the last month from a closing in Tokyo as high as 147.41 yen on August 10.

The greenback cost 131.92 yen late Tuesday in Tokyo, down just 0.07 yen from late Monday in Tokyo. New York markets were closed Monday for Labour Day. In London, the dollar dipped to 131.79 yen overnight.

Traders said the downward dollar was likely to continue for the next couple of weeks.

Interest in yen-buying also remains low. The dismal prospects for the Japanese economy, dragged down in the worst recession in five decades, continue to weight down on the yen. dealers say.