The U.K. pound and the euro are both dropping in forex trading against the greenback as word of possible rate cuts becomes more pronounced. Additionally, with risk aversion high, investors and traders are fleeing to the U.S. dollar, which is seen as the most stable of currencies — despite

It is a measure of how badly the rest of the world is doing when the troubles in the U.S. are seen as manageable and less of a problem than the troubles elsewhere.