Forex: Risk Mixed into Week's End, EUR/USD Rally Contrasts AUD/USD Retreat
EURUSD closed the week in dramatic fashion by extending Thursday's rally and closing at a nine-month high above 1.3300. However, that was one of very few risk-sensitive pairs and assets that furthered the argument for higher investor sentiment. As would be expected in the absence of serious risk trends, the S&P 500 and Dow Jones Industrial Average leveled off, AUDUSD retreated on the day and carry-laden pairs like EURAUD and EURNZD surged against the higher yield. What does 'risk appetite's' influence mean for our markets? Could it stall EURUSD's impressive bull run? Will it alter medium-term trend development? We discuss this and more in the weekend video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.