Dollar Pare Losses on Renewed Attractiveness
The dollar gained versus the euro and the pound in the very end of this week’s session as a bearish movement in stock markets increased attractiveness for the relative safety of the U.S. currency.
Continuing in the role of main global reserve currency, the dollar climbed versus its most traded rivals before market closed today, gaining versus the euro and the pound as uncertainties remain strong concerning the global economy recovery, rising attractiveness for the relative safety provided to investors by the greenback.
EUR/USD closed at 1.4303 after being traded at 1.4383 a few hours earlier.
If you want to comment on the U.S. dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
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