The strengthening of the riskier assets along with the weakness of the safe-haven dollar suggests that investors’ risk appetite is back.
Category: Features
The euro climbs to an 11-week peak as the dollar loses its safe-haven appeal and fells to its weakest since mid-March on investors’ optimism.
The safe-haven dollar hit an 11-week low damaged by risk-on mood among investors and riots in major U.S. cities over race and police brutality.
The US economy shrank at an even faster pace than originally estimated in the first quarter, as GDP fell by an annualized rate of 5% instead of 4.8%.
Wednesday’s reports that Brexit talks are at an impasse, and negative rates risk kept sterling down both against the dollar and euro.