Dollar falls as euro and sterling rally
The US dollar today fell against the euro and sterling, as the ongoing financial crisis and bank bailout plans failed to steady investors. The euro was 2% up over the dollar on Monday, with the sterling up around 1.2% in the opening session.
Both the Australian and New Zealand dollars also saw a rise compared to the US dollar, with a 2% and 1% rise, respectively. The US dollar did, however rally against the yen rising half a percent.
The financial markets and especially shares still remain vulnerable, as recent figures point to weakening economies, with China seeing a lower than expected growth.