Dollar retreats as investors reach for riskier currencies

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar eased across the board on Thursday, ceding some of the ground gained in recent sessions as firmer risk sentiment prompted investors to reach for higher-yielding currencies. Stock markets around the world were largely stronger on Thursday after recent weakness, as bets Saudi Arabia may boost crude production cooled oil prices, helping balance concerns over surging inflation and monetary policy tightening. “There are a few factors working against the greenback today, but it’s mostly risk-on sentiment,” said John Doyle, vice president of d…

Read More