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Broad Weakness for USD Ahead

From fxclub.com

The euro is making progress in an upward trajectory as the United States dollar is losing value across the board. The United States dollar is standing to lose more value in the upcoming short term as a variety of factors are down pressing the currency. 1) 1) Resurgence of a risk appetite – Risk appetite tends to be negative for the United States dollar. Risk appetite can be noted as: a rise of the U.S. treasury yields, a rally in equities, appreciation of commodities (oil), and a broad rally in beta currencies, while safe haven currencies lose value. Beta currencies include: the euro, the British pound, the commodity ... (full story)

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