Dollar falls as risk appetite picks up to start the session

The sudden pick up in risk appetite is translating to some softness in the dollar as we get things going on the session. The greenback was in a good spot technically to start the week but is seeing the optimism pulled back now as risk trades are making a stand before we get to Fed chair Powell’s speech at Jackson Hole tomorrow.

EUR/USD is now up 0.5% to 1.0020, pushing past parity at the moment. Be wary that there are large option expiries rolling off later today at the figure level so that might keep price action a bit more anchored.

James Rogers

Learn More →

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.