Dhaka, Bangladesh (BBN)- The US Dollar (USD) strengthened against major currencies, as concerns over another global slowdown triggered by the FED and China, sent investors back to the safety of USD. 
The Euro (EUR) approached 1.2805 against the USD on worries of the European Central Bank’s buying of Irish debt papers, reviving concerns over euro zone financial situation, according to reports. 
BBN/SS/AD-12Aug10-10:49 am (BST)