The dollar was trading up against pounds sterling in the morning's forex market news on Friday, September 18th, reports Bloomberg.In its forex market news update for 07:30 London time, the investment news provider notes that the pound slipped from its previous New York position of $1.6453 to $1.6378.However, it had dropped further at one point, reaching $1.6358 and its lowest value against the dollar for ten days.Bloomberg cites continued concerns about the recession in Europe for the growing value of the dollar.While sterling lost ground as a result of this, the Japanese currency was seen to be more robust.Yen almost held its position firm by 07:30 in London, with a marginal fall in strength from 91.08 to 91.09 against the dollar.The forex market news follows previous reports from Dow Jones and published in the Wall Street Journal of a dollar bounce as investors sought to prevent the currency from dropping below the benchmark exchange rate of 90.60 yen.