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Dollar Extends its Tumble but Risk Trends Level Off

Dollar Extends its Tumble but Risk Trends Level Off

John Kicklighter, Chief Strategist

The dollar dropped for a second consecutive trading session Monday - the first back-to-back slide for the benchmark in a month. Yet, this safe haven's decline didn't seem to originate through a traditional surge in risk appetite. Benchmark equity indexes were flat and fundamental catalysts for a rise in sentiment were notably lacking. This deviation is likely to extend very far. That suggests that either the dollar's tumble is ready to correct or risk trends themselves will play catch up. The docket has a few sparks to set this convergence in motion, but how much can we expect from such a fundamental merge?

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.