FXstreet.com (Edinburgh) -The US Dollar Index is posting gains for the third consecutive session on Friday, hovering over 4-week highs above 82.00 the figure.
DXY propped by risk aversion
Risk aversion continues to prevail amongst traders despite the Syrian situation have receded a tad in the last day. However, geopolitical tensions are far from over as the US may intervene unilaterally according to last reports. Coupled with that, month-end rebalances are intensifying inflows into the greenback in detriment of riskier currencies. The USD rally also found extra impulse after Thursday’s positive GDP figures during the second quarter and decent labour market …read more