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US Dollar Pulls Back Sharply As Risk Appetite Drives Demand For Commodities, Stocks
Tuesday, 04 November 2008 16:28:22 GMT
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The US dollar has pulled back sharply versus most of the majors this morning, especially against the high-yielding Australian and New Zealand dollars, as a pick up in investor sentiment drives risky assets higher. This has been indicated by the surge in commodities, such as the $5+ gain in oil, and the more than 3% rise in the DJIA and S&P 500.
Source: Bloomberg
Source: Bloomberg
Source: Bloomberg
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