The British pound reached a six-week low against the dollar on the September 8 forex trading day. The dollar was backed by risk aversion as investors were worried about investing in currencies experiencing slow recovery. The pound is one such currency, falling into a bearish trend that may continue for days to come, because of the concern that the UK may take longer than expected to bounce back. The GBP/USD pair traded at a high of 1.5424 and a low of 1.5296.

The euro also weakened against the dollar because of the weak economic data in the Euro Zone. Investor worries prevail that the debt crisis in the Euro Zone may worsen. The EUR/USD pair traded at a high of 1.2819 and a low of 1.2677.

In the US, both the stocks and commodities markets fell. Crude oil closed at $73.8 per barrel and gold closed at $1,256.8 per ounce. The dollar posted gains against most majors.