Forex Signal – Dollar rebounds Risk Aversion

Forex Signal - Dollar rebounds Risk Aversion

Daily FX Signals on – Forex Signal – Dollar rebounds Risk Aversion

Forex Signal – Dollar rebounds Risk Aversion

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Forex Signal – Dollar rebounds Risk Aversion –

FxPremiere.com – The dollar rebounded vs other major currencies recovering from more than three years over North Korea Irma weakened.

The U.S. dollar index, was up 0.28% at 9158. The index hit a low of 90.97 on Friday, the lowest level since January 2015.

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Forex News seen by FxPremiere.com print in line with expectations would drop with trends seen in the fx market.

The dollar pushed higher vs the safe haven yen. The dollar was also high on the Swiss franc, which is often seen in turbulence, with USD/CHF advancing 0.69% to 0.9509.

 

The euro was lower, with EUR/USD sliding 0.38% to 1.1996, after rising as high as 1.2096.

Forex Signal - Dollar rebounds Risk Aversion

Forex Signal – Dollar rebounds Risk Aversion

The euro dropped below the $1.22 level after ECB Executive Board member Mr Benoit Coeure quoted that persistent exogenous shocks to the exchange rate could lead to tightening of financial conditions. This came after ECB President Mr Mario Draghi read last week that the bank may start tapering stimulus issues once again.

The US dollar was also higher with yuan weakened following reports measures in China had put in place to support the currency.

The yuan has risen around 7.11% so far this year.

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