|
U.S. Dollar Higher as Risk Aversion Dominates Trade |
 |
 |
 |
|
Written by Administrator
|
|
Friday, 05 March 2010 07:27 |
|
The U.S. Dollar is up sharply against all major currencies. Traders seemed a little nervous this morning and maintained their risk adverse stance throughout the session. One of the biggest concerns for investors at this time is the continuation of the global recovery. Some feel that the sovereign debt issues in Europe are stalling the recovery. This combined with a possible loss of jobs in tomorrow’s U.S. Non-Farm Payrolls Report is triggering today’s flight to the relatively safer, lower-yielding U.S. Dollar. Full Story
|
