US Dollar Mixed Even as Risk Appetite Makes an Appearance
US dollar is mixed today, even as a measure of risk appetite returns to the markets, with equities moving higher and indicating an interest in riskier assets. Concerns about the economy remain, though, and there is plenty of pause to provide a mixed performance for the greenback.
Even though the US dollar is mixed in its performance against other currencies, the dollar index is lower today. Optimism about the eurozone is helping the risk situation, and many are looking at the indications that the US economy remains relatively sluggish in its recovery.
Right now, the euro is lower against the greenback, but it has stabilized since yesterday’s sell off. US dollar is also higher against the Canadian dollar. Against the UK pound and the Japanese yen, though, the dollar is lower today.
There are also concerns about the blizzard Nemo, which could snarl things up in the Northeast of the United States. So, even though stocks are higher, there is still a hint of trepidation. And, for now, currency traders are mainly looking for a little direction.
At 15:02 GMT the US dollar index is down to 80.102 from the open at 80.230. EUR/USD is down to 1.3389 from the open at 1.3397. GBP/USD is up to 1.5785 from the open at 1.5717. USD/JPY is down to 92.8505 from the open at 93.6150. USD/CAD is up to 1.0015 from the open at 0.9979.
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Earlier News About the US Dollar:
- US Dollar Gains as Economic Concerns Return (2013-02-06)
- US Dollar Pares Some of Its Earlier Gains (2013-02-05)
- Dollar Mixed After Fed Meeting & Non-Farm Payrolls (2013-02-02)
- US Dollar Falls on Enthusiasm over Global Economic Data (2013-02-01)
- Dollar Mixed amid Confusing Fundamentals (2013-01-31)