FOREX-Dollar sinks for 3rd straight session as risk sentiment rises
Article summary
Dollar down for third straight session * Euro up on ebbing Italy political turmoil * Commodity currencies – Aussie, Kiwi, Norwegian crown up * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Ritvik Carvalho LONDON, Jan 20 (Reuters) – The dollar sank against a basket of currencies for a third straight session on Wednesday as improved sentiment buoyed riskier currencies such as the Aussie dollar and the euro. The Australian dollar was the biggest mover in the G10 group of currencies, gaining half a percent to $0.7734. The New Zealand dollar was a close second, up 0.35% at $0.7140 Ebbing political turmoil in Italy, with Prime Minister Giuseppe Conte winning a crucial vote to stay in power, helped lift the euro to $1.2158, already buoyant on a survey that showed improving investor sentiment in Germany. […] “We remain bearish U.S. dollar, and expect the downtrend to resume as U.S. real yields top out,” said Ebrahim Rahbari, FX strategist at CitiFX. […] Sterling traded 0.2% higher to the dollar at $1.3668 , up for a third straight day.
