Dollar slips from multi-month highs as risk appetite picks up

U.S. dollar dips from multi-month highs as risk appetite improves ahead of BoE rate call.

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39 days ago

Dollar slips from multi-month highs as risk appetite picks up

Dollar slips from multi-month highs as risk appetite picks up
The U.S. dollar eased from its recent multi-month peaks today as markets showed higher risk appetite ahead of the Bank of England rate decision. The dollar index dropped about 0.15 % while sterling nudged up to US$1.3079. Analysts said that calmer sentiment and expectations of greater global liquidity were prompting flows into risk-assets, reducing demand for safe-haven currencies. The shift may ease pressure on emerging-market currencies and boost equity flows into higher-beta markets.
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