Source: ForexYard
In addition to the euro’s weakness this morning we’ve also seen weakness from other riskier currencies. The aussie found itself losing ground to the greenback at a rate of 0.5% and is currently trading at $1.068. Additionally, the New Zealand dollar lost significant ground on the American dollar. As of now, the kiwi is trading at $0.8233 which marks a 0.8% drop from last week’s mark.
The drop in less stable currencies could very well be the by-product of market uncertainty surrounding the euro. As the euro loses investor confidence, the USD sees renewed strength.
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