Dollar holds amid cautious stability in markets

US dollar stabilized today amid a cautious stability in global markets due to global recession signs.

German economy shrank in the second quarter, while the Chancellery stated that the Ministry of Finance is considering abandoning a balanced budget in times of recession, which means a spending boost, according to the Der Spiegel magazine.

US and German treasuries bonds continued to draw by investors as safe havens to shelter from recession concerns and stock markets losses, despite the rise of their yields today

Bank of America Merrill Lynch revealed that global bond funds have received large liquidity flows this week, while the stocks funds had suffered from withdrawals.

By 17:14 GMT, dollar stabilized at 98 points, with a high of 98.2 points and a low of 97.9.