DailyFX - Forex Market News: Dollar Advances Despite Risk Aversion, Sign of 1.2920 Break Soon?

DailyFX - Forex Market News Forex Market News

Dollar Advances Despite Risk Aversion, Sign of 1.2920 Break Soon? Oct 2nd 2012, 06:16 Despite a sharp rally from US equities (the S&P 500 briefly overtook 1450 and still managed a 0.3 percent higher on the day), the US dollar found its way to an overall advance on the day. The Dow Jones FXCM Dollar Index (ticker = USDollar) squeaked out a 0.1 percent climb Monday – the five bullish close for the benchmark in the past six trading days.

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