Dollar rules as recession fears hit euro, pound under fire - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The euro was at $1.0262, only a fraction above its overnight low of $1.0236, its weakest since late 2002.

He pointed to a 100% rally in European gas prices in the last 16 days which he said had left the European Central Bank with a brutal juggling act. The euro’s tumble, allied with declines in commodity currencies due to lower oil prices, left the dollar index at 106.46, just off its own overnight 20-year peak.

In contrast the recently-under-fire Japanese yen gained a little support from some safety bids, with the dollar dropping 0.2% to 135.5 yen.

While others are crippled, the dollar thrives. Aren't we all together in this mishapping? Don't blame us if we no longer believe in your ways.

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