This article was first published on FXTM Global.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
The Dollar was trampled by most currencies on Wednesday as rising optimism around a quick economic recovery from the coronavirus pandemic boosted appetite for risk.Safe-haven assets like the Japanese Yen and Gold fell out of favour while the Dollar Index (DXY) tumbled to its lowest level since early March below 97.40. As the market mood improves on recovery hopes, appetite for the Greenback may fall consequently dragging the DXY lower.Focusing on the technicals, prices are under pressure on the daily charts as there have been consistently lower lows and lower highs. The Index is... Read More
To keep reading this article, please navigate to: FXTM Global.