June 1, 2010

U.S. Dollar Closes Mostly Higher Boosted by Risk Aversion

The U.S. Dollar finished the first full session back from the holiday weekend by posting gains against most major currencies. Risk aversion was the theme today as traders
punished the Euro and the commodity linked-currencies while seeking shelter in the Japanese Yen and believe it or not the British Pound.

The GBP USD soared 1 percent Tuesday boosted by speculation that U.K. insurer Prudential may withdraw its takeover bid of …