Concern over US corporate earnings

CONCERNS about US corporate earnings hit the markets and left the dollar at near 12-month lows against its main currency partners.

Concern over US corporate earnings

Meanwhile, the Organisation for Economic Co-operation and Development (OECD) warned of the dangers to global economic recovery from higher oil prices and the continuing strengthening of the euro against the dollar.

With little economic news to move the markets, the dollar remained pinned to 12-month record lows while US stocks came under pressure.

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