U.S. Dollar Gains in Forex Trading on Safe Haven Status

Currency market in risk aversion modeThe [B]currency market[/B] is in risk aversion mode, sending the U.S. dollar higher in forex trading this morning. The greenback is up against the sterling and the [B]euro in forex trading[/B], as well as against the Japanese yen.

Yesterday, risk aversion settled in big as the U.S. stock market joined a global equity rout. Today, concerns about the U.S. economy, the [B]euro zone[/B] economy and the fact that China is putting a lid on growth, are affecting investors. Risk aversion is high, and that is prompting gains by the U.S. dollar.

The greenback is being used as a safe haven as uncertain investors favor capital preservation to the risk of higher returns on the [B]currency market[/B].

[B]See Also[/B]

[li]U.S. Dollar in Forex Trading[/li]Looking for trends on the currency market