Friday's Currency News

Haven buying boosts dollar Investors seek liquidity of the US currency as stocks fall sharply on heightened fears over an economic slowdown and increased sovereign debt worries Asian stocks continue to slide The prospect of a global recession accelerates a flight to safety as pessimistic comments from the US Fed and slowing factory activity unnerve investors Russia's banks: Collateral damage Russia's banks: Fallout from the rescue of one of the country's biggest lenders highlights concerns about links between politics and state-controlled businesses, and about the vigour of financial oversight By Catherine Belton and Neil Buckley 'Risk-on risk-off' back with a bang If investors want proof that the dominating trading pattern of the financial crisis has returned, they need look no further than Thursday's sharp sell-off Brazil reverses policy in real defence Brazil has intervened to defend the real against a resurgent dollar for the first time in two years in a sudden reversal of policy