Dollar Down Slightly on Temporary Risk Appetite

Posted on Monday, December 14th, 2009 and is filed under Forex School. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

After several days gaining versus most ofthe16 main traded currencies, thedollar dropped since risk appetite provided strength forcurrencies togain versus thegreenback, erasing partially gains earned onprevious sessions.
TheU.S. dollar had its rally halted today asoptimism surged regarding theDubai financial situation, asits brother Emirate, Abu Dhabi, started abail out process essential foravoiding chaos infinancial markets world wide, fueling traders with optimism anddeclining attractiveness forthegreenback slightly.
EUR/USD traded at1.4653 from anopening rate yesterday of1.4624.
If you want tocomment ontheU.S. dollar’s recent action orhave any questions regarding this currency, please, feel free toreply below.
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