Greenback flexing its muscles – FXStreet

By FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the American dollar was partially benefited by the return of risk appetite this Monday, ending the day higher against most of its major rivals.

Key Quotes:

“But the advance seems for the most a correction, following the strong sell-off the currency suffered by the end of last week.

With no much macroeconomic data to guide investors, a strong advance in worldwide stocks and news that Iran said it would raise oil’ s output to pre-sanctions levels before joining talks to freeze production, sealed the tone in the FX board. The macroeconomic calendar was empty, but for the release of the EU Industrial Production data, showing an increase of 2.1% monthly basis in January.”
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Source:: FX Street