The dollar fell as investors turned to riskier currencies

The US dollar fell broadly on Thursday, giving up gains in recent sessions, as risk appetite encouraged investors to buy higher-yielding currencies.

Sharjah 24 – Archyde.com:

The US dollar fell broadly on Thursday, giving up gains in recent sessions, as risk appetite encouraged investors to buy higher-yielding currencies.

Stock markets around the world rose on Thursday, after a recent dip, as bets that Saudi Arabia might boost oil production helped cool crude prices, offsetting fears of rising inflation and tightening monetary policy.

“There are some factors that worked against the dollar today, but it’s mostly risk sentiment,” said John Doyle, vice president of trading at Monex USA.

The dollar index, which measures the performance of the US currency against six major currencies, fell 0.8% to 101.78 points, on its way to halting two days of gains.