Safe Heaven Currencies Continue to Rise on High Risk Aversion
Source: ForexYard Safe Heaven Currencies Continue to Rise on High Risk Aversion Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times of market stress, will likely keep drawing demand as investors stay away from riskier assets. Economic News USD – U.S Dollar Soars against the EUR and GBP The dollar rose against the EUR on Thursday, reversing the single currency's earlier gains, as investors grew more risk averse and sought safety in the dollar. By yesterday's close, the USD rose against the EUR, pushing the oft-traded currency pair to . . . → Read More: Safe Heaven Currencies Continue to Rise on High Risk Aversion
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