June 8, 2010
Commodity-Linked Currency Rally indicates Shift in Risk Sentiment
The U.S. Dollar finished down against most major currencies on Tuesday as appetite for risk shifted toward higher yielding assets. The Greenback closed lower against the
commodity-linked currencies while posting a strong gain versus the British Pound.
The Euro seemed to stabilize after the European Union took steps to prevent sovereign debt issues from spreading and destroying the currency. Nervous shorts appeared to
be paring back positions which could be …
