Dollar keeps advancing as global economy gets slower

The dollar rose to a six-month high against the euro on evidence the greenback will be the main beneficiary from a global economic slowdown as German business confidence dropped in August more than forecast.

The U.S. currency increased to the highest level versus the Australian dollar in almost a year and gained versus the New Zealand dollar.

Sterling declined to the weakest level versus the dollar in two years as an industry report showed mortgage levles held last month near a decade low.
(Source Bloomberg)