U.S. Dollar Higher on Risk Aversion

Greenback gains in currency trading

The U.S. dollar is higher today on risk aversion, moving up as investors look for a little safety amidst the uncertainty. 

Economic news out of Japan is causing disappointment and concern, and U.S. GDP data shows that economic growth is decelerating. Quarter 2 data came in just below expectations, and that is causing some concern for forex traders.

As a result, it is little surprise that the greenback is gaining in currency trading on the FX market. Forex traders are back in capital preservation mode.

See Also

• Economy and the FX Market
  Currency trading information for forex traders

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