US Session: Dollar rallies on positive G8 meeting, driving risk-averse behavior





G10 Advancers and Decliners vs USD
CAD 0.08
GBP -0.09
CHF -0.13
EUR -0.14
The dollar rose against a basket of currencies following a resurgence of risk aversion in the market. The EurUsd fell 185pips while UsdJpy gained. The GbpUsd fell 113 pips.; Equity markets fell 2.06% or 181.16pts and the FTSE was down 2.61% or 115.94pts. The yield curve on 10 year US treasury notes fell .07% to 3.74%. Commodities were weaker today with oil finding support at $70bbl and gold…

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