Special

World's weakest currencies

Bruce Einhorn, BusinessWeek | November 14, 2008

F rom the Arctic coasts of Iceland to the Southern Ocean shores of New Zealand, the financial crisis has humbled many of the world's currencies.

As risk-averse investors have rediscovered the US dollar, they have swiftly pounded down currencies that until recently had been highfliers.

Especially hard-hit have been countries such as Australia and South Africa with large mining industries, as slower economic growth has popped what had been a steadily inflating resources bubble.



