Risk aversion sends greenback higher in forex trading
The U.S. dollar is rising in currency trading on the FX market, thanks to risk aversion. Even today’s reasonably positive jobless claims data has not been able to help risk appetite. As a result, the U.S. dollar is up against both the sterling and the euro in forex trading.
The Japanese yen is the only major currency having luck against the U.S. dollar today, and that is because the yen is the safe haven currency that others turn to as even more safe than the dollar. The dollar is considered safe because it is guaranteed by a very stable and reliable taxpayer base.
For now, the U.S. dollar is once again coupled with risk. As risk aversion grows, the greenback climbs in forex trading.
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