European Session – Aussie and kiwi surge as dollar slumps to one-week low
Posted on August 10, 2016 at 2:59 pm GMTRisk sentiment remained subdued in European trading on Wednesday as the dollar continued to face downward pressure on renewed doubts about the likelihood of a Fed rate hike this year. The dollar index, which measures the greenback against a basket of currencies, fell to a one-week low of 95.44 in late European session as traders bet that the Fed will likely wait for stronger evidence of rising inflationary pressures before raising rates given the muted pace of economic growth. The [..]