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Dollar Sinks, Sterling Jumps as Market Turns to Risk Assets

Started by Epoch-Times-Bot, Nov 07, 2022, 08:00 AM

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Epoch-Times-Bot

Nov 07, 2022, 08:00 AM
Dollar Sinks, Sterling Jumps as Market Turns to Risk Assets

LONDON/SINGAPORE—The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market.
A survey showed on Monday that investor morale in the eurozone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling energy prices will prevent gas rationing on the continent this winter.
In the meantime, the pan European STOXX 600 index rose 0.5 percent with traders pointing out that investors are still betting China will ease its COVID-19 restrictions, despite officials saying they do not plan an imminent reopening....

Source: Dollar Sinks, Sterling Jumps as Market Turns to Risk Assets

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