US Session: Dollar Consolidates As Risk Appetite Tempers

G10 Advancers and Decliners vs USD
EUR-0.07
CHF-0.09
GBP-0.10
JPY-0.47
The morning session kicked off with the Riksbank Rate Announcement where rates were left unchanged at 0.25%, but the accompanying statement struck a distinctly dovish tone with the markets. It reiterated that rates would remain on hold until autumn 2010, and affirmed that a further SEK100bn would be offered to banks, disappointing those who hoped the financial system may have recovered…

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