Investor Retreat from Dollar Favours Sterling

The dollar fell to its lowest level this year after concerns over the AAA status of US sovereign debt prompted heavy selling. Investors were also lured away from the greenback by a more upbeat assessment of the global economy from the OECD, pushing the euro above $1.40, Sterling reached a six-month high of $1.5947.

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  2010-09-08 17:30

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