US Dollar Retreats Amid Rising Risk Appetite
After touching a two-month high on Friday, the US dollar started the new week on the back foot, losing ground to other major currencies during early Tuesday trading. The greenback's losses can be attributed to the return of risk appetite in the markets, as US stocks rose on the back of optimism driven by expectations over this Wednesday's release of quarterly results from chip maker Nvidia. However, any downside for the dollar will be limited, as trading for the currency will likely remain within a relatively tight price range before Jerome Powell's speech at Jackson Hole on Friday.
Ricardo Evangelista – Senior Analyst, ActivTrades
Ricardo Evangelista – Senior Analyst, ActivTrades
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.