Dollar firms as stocks start to slip further on the day
Read full post at forexlive.com
Slight hints of risk aversion kicking in
The dollar is gaining ground against the rest of the major currencies bloc, with EUR/USD falling to a session low of 1.1640 while GBP/USD is down to a low of 1.2725 currently.
The aussie has also pared gains against the greenback in a drop to 0.7050 from 0.7070-80 levels earlier, as European indices extend losses to a little over 1% right now:
The slightly softer risk tilt on the session is helping to give the dollar a bit of a lift and in the case of cable, sellers are now back in near-term control after a buyers made an attempt to get above 1.2800 earlier in the session.