Risk appetite improved on Monday and during the Asian morning Tuesday as investors may have continued placing bets on the prospect of a global economic recovery, despite some fresh tensions between the US and China. Today, we already had an , but it was proven a non-event, with the staying linked to the improvement in the broader market sentiment. Later in the day, investors may also pay some attention to a new round of Brexit talks, the last ahead of the June 18th and 19th EU summit.
INVESTORS KEEP PUSHING RISKY ASSETS NORTH
The US dollar continued trading south against most of the other G10 currencies on Monday and during the Asian morning Tuesday. It underperformed the most versus CAD, AUD, and NZD in that order, while it eked out minor gains only against EUR, CHF, and JPY.
USD performance G10 currencies
The strengthening of the commodity-linked currencies and the weakening of the safe havens suggest that investors’ appetite remained supported for another day. Indeed, turning…