Dollar hits session lows vs Aussie, sterling
NEW YORK, May 18 (Reuters) - The dollar extended losses on Monday, hitting session lows versus sterling and the Australian dollar, as gains on Wall Street accelerated.
A rise in equities tends to boost investor appetite for risk, hurting safe-haven demand for the dollar.
Sterling rose to a session high of $1.5337 and last traded up 1.1 percent at $1.5321 GBP=. The Australian dollar gained 2 percent to US$0.7630, after climbing to a session peak of US$0.7638, according to Reuters data. (Reporting by Wanfeng Zhou, Editing by Chizu Nomiyama)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
