Risk aversion continues to support Dollar in relatively quiet trading today. Both Sterling and Canadian Dollar weakened mildly after worse-than-expected retail sales data. Euro shrugged off dovish comments from some ECB officials. Meanwhile, Yen softened slightly following lower-than-expected CPI core reading. However, overall movements in the currency markets remain limited as traders hold their bets, awaiting further developments to determine if yesterday's steep selloff in US stocks will continue or if risk sentiment will improve as the week comes to a close. For the week, Swiss Franc remains the strongest, followed by Yen and then Dollar. The greenback, however, has the potential to overtake both of their positions. Kiwi remains the worst performer, followed by Aussie and Loonie, which is typical in risk-off markets. Euro and Sterling are stuck in the middle, with the common currency having a slight upper hand... |