The sterling has remained depreciated near five months against the dollar, for the reason being that the investors brought safe-heaven currencies with risk generally suffered from the roofing worries about the European debt crisis.

Besides sterling, the various other currencies have been seen this month to have depreciated to its weakest against the dollar with Greek to be predominantly the major reason behind this turmoil for Greek parliament not having approved the budget cuts, which has further boosted the demand for the world’s reserve currency.

Sterling had been down by 0.1% at $1.5942 with traders expecting more selling to emerge, which had later even pushed it to test its five-month low of $1.5913 hit in Asia. Not only sterling but rand has also been seen to have depreciated to its weakest against the dollar. Also to continue making dollar stronger as the generality and the commonness, the South Africa’s currency also slipped as much as 0.6 percent to 6.9415 per dollar, which has further been stated to be the worst exchange rate since May 31.

The dollar has been seen to have climbed up for its value and demand that seems to have consistently increased and which seems to increase even more if Greek lawmakers do no approve a 78 billion-euro ($110 billion) austerity package to receive a loan payment and future financing and opt to remain hard it with its market on the verge to diminish.