Dollar gains as appetite for risk subsides

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The dollar gained as appetite for risk dwindled in London early on Thursday, as markets waited for U.S. jobs data and updates about fiscal aid negotiations in Washington.

FILE PHOTO: A picture illustration shows a 100 Dollar banknote laying on one Dollar banknotes, taken in Warsaw, January 13, 2011. REUTERS/Kacper Pempel/File Photo

Euro-dollar reached a two-year high of $1.1916 towards the end of the Asian session, then slipped back to $1.1876. The euro was boosted by PMI data on Wednesday that showed the euro zone economy starting to expand. The riskier Aussie and Kiwi dollars strengthened overnight but fell as the dollar started to recover.

The Swedish and Norwegian crowns rose against the dollar, with the Swedish crown at its strongest since mid-2018.

 

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