Forex News June 14, 2022

 

Dollar

  • The dollar rises as stock market gains fade.
  • Risk appetite has been sapped in European morning trade, as European indices have gone negative and US futures are now just staying afloat. Dollar bids have returned, and the dollar is now trading higher against the pound, loonie, Aussie, and kiwi, after some minor losses earlier.
  • For the first time since May 2020, cable has dipped below 1.2100:
  • The dollar’s earlier dip has little technical significance and is more due to the market needing a break. Risk, on the other hand, is showing signs of concern again, making the greenback easy pickings.

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