Forex News
Europe picks up the US dollar a tad stronger Monday, buoyed by a small rise in risk appetite, firmer stocks, steady oil, and possibly the shadow of today's G8 meeting. The data slate has little to offer with German May industrial production the highlight, while Fed's Yellen speaks on the economy at 1500 GMT.
Forex Volatility Caps Risk Aversion
The UBS Risk Index comes in at 0.99 Monday, lower than Friday's 1.09 level, but remaining in risk averse territory. The latest development was mainly due to lower forex volatility, the bank says
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