European currencies win out as Japan and US woes bite

The dollar fell to a two-month low against the British pound, and also fell against the Swiss franc, as fears over the US stance on Iraq continued to benefit the Swissie’s safe-haven reputation.

Tumbling equities both in Japan and the US also had a hand in the moves, which helped the euro rise to a one-month high close to parity with the US dollar.

In Japan, the Nikkei 225 stock index closed at its lowest level since 1983, as investors sold banking equities heavily amid fears that the Japanes

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: