» Forex - Dollar slipped again on higher risk appetite

The Dollar slipped on Tuesday, a day after its strongest rally against the Euro in more than a year, as rebounding global stock markets rekindled investors’ appetite for risky assets; Market attention is also focused on Wednesday’s US Existing Home Sales report amid fears the data would point to a further deterioration in the housing market and increase the chances of more Federal Reserve interest rate cuts this year; Firmer equity markets prompted some investors to move back into carry trades, hitting the Yen and boosting high-yielding currencies such as the Australian, New Zealand and Canadian dollars.

Source : ACM

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