Saturday's Currency News

Dollar gains driven by flight to safety Risk aversion in equity and commodities drove the dollar higher this week as recovery hopes faded after the Fed's latest assessment of US growth Asian currencies end week with steep losses Declines as investors scramble for safe havens are a reminder the region is as vulnerable as ever to financial shocks from the west Stocks rebound in volatile trading European bourses open higher then relapse after G20 pledges support but sentiment is fragile 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 '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