Day: June 1, 2019

US Dollar Gains vs. Riskier Currencies, Falls vs. Safer Ones During Week of Risk Aversion

Trade wars and the resulting risk aversion on markets were the main themes during the past trading week. The US dollar reacted in an expected manner, rising versus riskier currencies but underperforming against safer ones. The week actually started on a positive note as the European parliamentary elections resulted in a victory of pro-EU forces. The Great Britain pound was not thrilled, though, as Britain’s two major parties lost the elections, showing that Britons […]