XE Market Analysis: US Dollar Falls as Risk Appetite Grows

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OVERVIEW

  • The Euro rallied against US Dollar despite Italian budget worries
  • The Pound held steady as PM May perseveres with her Brexit plan
  • The South African Rand is at 2-week highs as risk appetite improves

HIGHLIGHT

The Euro to US Dollar rate rose today despite Italy not budging on their budget deficit. The US Dollar has weakened on the back of investors’ increased risk appetite. The pair hovers around the 1.14 level.