The US dollar strengthened vs. most major currencies on risk aversion |
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The US dollar strengthened vs. most major currencies on risk aversion as investors await the G8 summit and US corporate earnings. Doubts over an economic recovery after last week’s grim US jobs data, have continued to boost safe-haven currencies such as the dollar and yen. Positive data from the Mortgage Bankers Association showed that mortgage applications were up 10.8%. News that Chinese President Hu Jintao is returning early from the G8 summit, to deal with unrest in the Xinjiang region of
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