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US Session: Eroded Risk Appetite and Weak Equity Markets Boost the Dollar; G8 Makes No Comment on the Dollar Reserve Status

07/10/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD EUR -0.47 CHF -0.54 GBP -0.72

The dollar rose across the board on a return in risk aversion as equity markets dipped lower in the US and Europe, with the Dow off 39ppts or 0.48% and the DAX fell 5ppts or 0.09%. The EurUsd dropped 100pips to 1.39 as the dollar advanced on eroded risk appetite, a completely reversed trend from the last session. The GbpUsd tumbled 160pips to 1.62 and trending downward. The UsdJpy edged down…

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