February 4, 2010
Risk Aversion Returns Sending U.S. Dollar Higher
Investors sold higher risk commodities and stocks and bought lower yielding assets on concerns that the sovereign debt issues in Greece will spread to other economies in the Euro
Region. The Dollar finished sharply higher versus most major currencies except the Yen.
Investor concerns about the sovereign debt woes in Greece ignited the break in equities and commodities overnight, but a decision by the Bank of England and poor U.S. jobs data helped
to accelerate the …
