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Dollar Slips Amid Risk-On Mood

Scandinavian Capital Markets

The US dollar lost ground against its major rivals in Tuesday trading, as glimmers of hope over the coronavirus lifted risk appetite among investors. The greenback had rallied sharply since March 9th as fears spiked over the economic consequences of lockdowns across the globe. However, signs of a slowdown in the spread of coronavirus prompted flows into risk-sensitive currencies such as the Australian dollar, while safe havens such as gold and the US dollar traded lower.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/dollar-slips-amid-risk-on-mood/
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