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Dollar rally stalls as risk appetite returns

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar eased for a third straight day on Tuesday, pulling back from a two-decade high against a basket of major peers, as an uptick in investors’ appetite for riskier bets diminished the U.S. currency’s safe-haven appeal. Upbeat earnings views from Home Depot and United Airlines along with optimism around the easing of China’s crackdown on tech and COVID-19, helped to lift risk sentiment. The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was down 0.7% at 103.39, its lowest since May 6. The index hit a two-deca…

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