The U.S. dollar approached a 3 week low against the EUR as better economic data worldwide saw investors grow increasingly confident that the worst in the global economy may be past, boosting risk appetite. The Dollar recent losses however, may be tempered before the Federal Reserve and U.S. banking regulators reveal the results from stress tests on the nation’s 19 biggest banks this week. The results of the U.S. banks’ stress tests may pose downside risks for the markets, and as such, the dollar may garner support as a safe- haven currency.
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