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Old 08-16-2008, 01:49 PM  
spunkmaster
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Surge for the dollar as global fears rise

Financial Times [UK], by Peter Garnham, Chris Flood, *

Original Article



London/Franfurt - The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities. Against sterling, the US currency notched up its 11th consecutive day of gains ? its longest uninterrupted rise in more than 35 years ? as markets became increasingly convinced that the US was best-placed to weather the global downturn.
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