US Dollar Down as Upbeat Markets Dismiss Trump Stimulus Opposition
From dailyfx.com
The US Dollar pulled back in otherwise quiet Asia-Pacific trade. The anti-risk currency enjoyed the largest one-day rise in two months against an average of its top counterparts yesterday in a move that was seemingly animated by safety-seeking capital flows against the backdrop of deteriorating market confidence. Markets were in a friendlier mood in APAC hours. Regional stock markets added close to 0.6 percent on average. The sentiment-geared Australian and New Zealand Dollars followed suit, as did cyclically-minded commodities like copper and crude oil. The Yen fell alongside the Greenback.The upbeat backdrop stood ...
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