As reported at 8:52 a.m. GMT, the USD lost ground versus the Euro and other high yielding currencies in early morning trading today, as equity markets sought to recover some significant losses from yesterday’s trading day. Nonetheless, trading activity was somewhat restrained because investors are taking a wait-and-see stand, with the expectations that continuing concerns about the health of the various financial systems and a worsening global recession will curtail any movement into risky assets.