Dollar Down as Stocks Rebound

The dollar reverted its winning trend from yesterday as equities markets climbed worldwide, damping demand for the relative safety of the U.S. currency.

The dollar lost versus the euro today as risk aversion declined, pushing stock markets up worldwide, and bringing investors back to high-yielding investments, influencing the crude oil and metallic commodities rates today in New York. Currencies like the Australian and the New Zealand dollar also pared losses against the greenback today.

EUR/USD traded at 1.4251 as of 18:17 GMT from a previous rate of 1.4087 twelve hours earlier.

If you want to comment on the U.S. dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.