The dollar strengthens

President Hosni Mubarak and Vice President Omar Suleiman "utterly failed to respond to the Rosetta Stone demands of the protesters" in their speeches last night, Amnesty International says. CNN text headline: Protesters surround government buildings in Suez, "The tension in Egypt has seen some US dollar demand after President Mubarak decided that he would not stand down, after it being widely expected he would do so, fuelling some risk aversion," CMC Markets analyst Michael Hewson tells AFP. The dollar strengthens against the euro as increasing unrest in Egypt leads traders to seek safe-haven assets. "Developments in Egypt have forced investors to back off risk assets," said analyst Adrian Schmidt at Lloyds Banking Group. The dollar is regarded as a safe investment in times of heightened geopolitical turmoil, while the euro is viewed as a riskier currency. 08 Governments around the world must be closely watching events in Tahrir Square today after a US administration official told CNN last night that Mubarak's speech was "not what we were told would happen, not what we wanted to happen." 04 A Sky News correspondent in Tahrir Square says he expects march to go ahead to six key locations including state run Nile TV and resident Mubarak's palace. "People are saying not only will people Rosetta Stone Software stay here but they will win the revolution, as they put it," he says. TV pictures from Tahrir Square show it is still crowded but some people are making their way out of the square. Al-Arabiya television channel is reportedly saying protesters have taken over government establishments in the city of Suez. European stock markets fall as traders weigh the developing Egypt crisis, as well as a contraction to Spain's economy and news of a key tie-up between Microsoft and the world's biggest mobile phone maker Nokia. "There's still a belief that Egypt will see a peaceful transition of power but the theme of risk aversion does seem to be creeping back onto the cards ahead of the weekend break," says Chris Weston, a trader at IG Markets. AFP correspondents report: "Demonstrators sobbed as they conducted the weekly Muslim prayers in massed ranks in Cairo's Tahrir Square." "The preacher choked up as he gave the sermon and the crowd screamed "Leave! Leave!" at each mention of the hated strongman." 17 The story so far: Go to AFP's blog site to catch up on yesterday's developments as they happened: A protester in Tahrir Square says on BBC News: "We do not want Mubarak or Omar Suleiman. The government has lost all credibility. We call them Ali Baba and the 40 Thieves" "We are Rosetta Stone Hindi extremely frustrated and angry."