ECM: Dollar, Yen takes back seat as risk-on revives
Two risk aversion counters are down against their much riskier counterparts and investors braced riskier assets as US market is set to open today after long weekend.
Better than expected Chinese trade balance along with upward revision in Both Japan and European GDP is contributing to the risk on mood.
Dollar and Yen both are out of favor given risk on profile today. FXCM US Dollar index is down close to 0.2%, while Yen is down -0.45% against Dollar.
