Excerpt from: Forex News
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| September 07, 2010 | | Grrenback higher as risk aversion sets in | The U.S. dollar is gaining in forex trading against a number of currencies today. U.S. dollar is mainly higher, especially against riskier currencies like the Aussie and the euro.
Last week, there was a great deal of optimism regarding the global economy, and that prompted some risk appetite. However, after having a long weekend to consider how things stand with the economy, forex traders are no longer so certain.
Risk aversion is back, and the U.S. dollar is heading higher as a result. Indeed, the only currency that is not falling against the U.S. dollar is the Japanese yen, which continues to appreciate.
| Topic Tags: Aussie, currency trading, euro, forex traders, forex trading, risk appetite, risk aversion, safe haven, U.S. dollar | |
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