Dollar Declines On Risk Tolerance
Dollar Declines On Risk Tolerance
Overall, the major currencies surged against the dollar as investors are again thinking that the global economy is heading towards recovery. This, in turn, has investors dropping their U.S. dollar denominated assets in the favor of higher yielding assets, denominated in foreign currencies. The currency market may test the highs reached […]
USD Loses Safe Haven Bids as Risk Appetite Increases
USD Loses Safe Haven Bids as Risk Appetite Increases
The dollar fell versus its rivals on Friday as risk appetite improved on more signs of a global economic recovery. Japan’s April industrial production surged the most in at least six years; Germany’s April retail sales gained for the first time in four months; and US May […]
Strong Rally in Risk Appetite Pressures the Dollar as Traders Watch Economic Data
Strong Rally in Risk Appetite Pressures the Dollar as Traders Watch Economic Data
The dollar sold off against the G10 early in the session, with the commodity currencies leading the rally. The EurUsd surged over 200pips trading at the mid 1.41 level, while the UsdJpy gave up most of the prior session’s gains sinking 137pips to […]