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Dollar firms amid more defensive risk mood

The dollar is higher across the board as markets are adopting a more defensive risk posture on the session. There aren't any major headlines but the retreat in bond yields and equities keeping lower points to risk-off flows. The only thing I can attribute this to would be China's poor trade balance data, which is perhaps reigniting risks of a global recession.In that lieu, the dollar is benefitting with EUR/USD now down 0.4% to 1.0964 and GBP/USD falling further by 0.5% to 1.2720 on the day. Bot... Read More

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Dollar

Firms

Amid

Defensive

Risk

Mood

Forex

Posted: Aug 8 2023, 10:22

Author Name: forexlive

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