SubscribeUS Session: Eroded Risk Appetite and Weak Equity Markets Boost the Dollar; G8 Makes No Comment on the Dollar Reserve Status
July 10th, 2009 • Related • Filed Under
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The dollar rose across the board on a return in risk aversion as equity markets dipped lower in the US and Europe, with the Dow off 39ppts or 0.48% and the DAX fell 5ppts or 0.09%. The EurUsd dropped 100pips to 1.39 as the dollar advanced on eroded risk appetite, a completely reversed trend from the last session. The GbpUsd tumbled 160pips to 1.62 and trending downward. The UsdJpy edged down… | ||||||||||||||||
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