Friday, the US dollar has been climbing against its Canadian counterpart. At about 12:55 am ET, the dollar reached a new multi-month high of 1.1651 ag

During early trading on Friday, the British pound slumped to fresh multi-year lows against its most major counterparts, as investors grew fearful about the global financial crisis despite concerted efforts by central banks around the world to unfreeze the credit markets and prevent a global slowdown. The pound slipped to a 5-year low against the dollar, 12-year low against the franc and a more than 7-year low against the yen. The pound also weakened against the euro and touched a 1-month low.