US Dollar Lowers on Improved Risk Sentiment, EURUSD Retreats from 1.3134

US dollar depreciated in yesterday’s evening session with the US dollar Index falling below support at 82.20 as risk appetite grew stronger. Despite that US dollar index found floor at 82.03 and rebounded back to 82.27 as US equities gained, the index was unable to hold its ground.

The USDJPY remains lower than psychological level at 100, in earlier trading rose as high as 99.94 but now is trading around 99.40. Asian shares were mostly negative, NIKKEI 225 closed lower by 0.47% and Hang Seng decreased by 0.15% while in Australia the S&P/ASX200 rose by 0.13%. In Europe, ahead of Ecofin meeting in Dublin due to Ireland’s presidency, the Euro is lower from recent peaks at 1.3134 against the greenback; the pair is currently trading at 1.3072.

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