Currency
Market Commentaries
Team: Salyahrinah DP Hj Yahya, On Swee Long, Hiew Tzee Yin, Lai Jyh Yih and Diana Han Yee Theng
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The US Dollar fell against the Yen as weak US manufacturing data deepened worries about the global economy, and investors fretted that leaders worldwide ended a weekend meeting with few concrete proposals for dealing with this year's downturn.
Sterling rallied strongly as traders shrugged off soft housing data and a gloomy growth forecast from a UK business group to pick up the currency at cheap levels following its recent slide.
The Aussie Dollar eased further as dovish comments from the country's central bank were taken as leaving the door open for further sharp cuts in interest rates.
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