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- Dollar Direction Unclear as Euro Steadies , Yen Slips
At the start of Asian trading on Tuesday, the US dollar moved without a clear direction. A modest recovery in investor confidence supported higher-yielding currencies, while rising political risk in Europe kept unsettling traders and supported the dollar as a safe haven. The euro held steady at $1.1216, while the British pound rose 0.1% to $1.3308, the Australian dollar gained 0.1% to $0.6986 and the New Zealand dollar edged 0.1% higher to $0.5668. The article reads these small moves as signs of selective risk appetite rather than broad dollar weakness.
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