Dollar bounces as weak tech earnings damp risk appetite -

Dollar bounces as weak tech earnings damp risk appetite

FxPremiere.com – Telegram Forex Signals – The dollar traded higher early in Europe on Friday, after weak earnings from three of Silicon Valley’s largest companies damped risk appetite more broadly.

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Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Google owner Alphabet (NASDAQ:GOOGL), all saw their stocks fall after their reports for the final quarter of the year, ending a risk-on move that had started with the Federal Reserve’s softer language on the inflation outlook on Wednesday.

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The euro is better supported after European Central Bank President Christine Lagarde guided for another 50 basis point hike next month. Even so, markets appeared to take that guidance.

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The euro, which lost over a cent during Lagarde’s press conference, was down another 0.2% at $1.0886, while the pound was down 0.3% at $1.2190.

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Dollar bounces as weak tech earnings damp risk appetite

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