# US Dollar Falls as Risk Appetite Improves

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Last modified: 2021-05-06

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By Paul Ebeling · 2021-05-06
Tags: Shayne Heffernan on Investments, Forex, EUR, USD, GBP, Headline News, dollar, Paul Ebeling, jpy, cryptocurrencies, USD, Euro, GBP, CAD, Coronavirus
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#Dollar #cryptocurrencies

$USD $EUR $GBP $BTC $ETH 

USD fell from a 2-wk high in Asia Thursday as global market risk appetite improved, while traders focused on a Bank of England meeting and economic data that may provide clues on when the Fed might dial back monetary stimulus.

USD has rebounded from a 1-month low over the past wk, based on economic data that has supported the case for a rapid recovery from the VirusCasedemic.

At 1024 GMT, the pound was steady against the weaker dollar, at $1.3916 .

EUR was up 0.4% Vs USD at $1.2049 , and up 0.3% against GBP, at 86.57p per EUR. 

The Canadian dollar hit a 3-yr high, helped by Crude Oil price gains and the Bank of Canada's shift to more hawkish guidance.

In cryptocurrencies, Ether traded around $3,500 after reaching a record high of $3,559.97 Tuesday, skyrocketing nearly 800% this month .

Bitcoin was up around 1.5% at $58,350, still below the all-time high of $64,895.22 it marked in April .

The meme-based virtual currency Dogecoin soared Wednesday to an all-time high, extending its Y 2021 rally to become the 4th-biggest digital coin

Have a healthy day, Keep the Faith!

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