Safe Heaven Currencies Continue to Rise on High Risk Aversion

Source: ForexYard Safe Heaven Currencies Continue to Rise on High Risk Aversion The U.S. dollar gained further against the euro and other major currencies Thursday as a sharp extended retreat for U.S. equities and weak data out of both China and the euro zone spurred investors to dump risky assets. Economic News USD – Dollar Recovery Continues The dollar rallied broadly on Thursday as mounting concerns about the global economy pushed investors to embrace safety while shunning riskier assets, with the euro tumbling to an eight-month low. By yesterday's close, the dollar rose against the EUR, pushing the oft-traded currency pair to 1.3440. The dollar experienced similar behavior against the GBP and closed at 1.5350. The U.S. . . . → Read More: Safe Heaven Currencies Continue to Rise on High Risk Aversion