With the USDx still hovering at the highs currently, @82.55 vs. its currency counterparts is being supported with the latest round of economic reports favoring the USD as investors viewed a steady US recovery.
However, with the backdrop of the last European crisis, the world stock markets have been making headway into newer highs with Asia particularly the Nikkei finally playing catch-up as it soars higher. while the rest of the stock markets shares have fallen. As investors focus on the central bank meetings looking for signs of more stimulus policies between the BOJ, BOE & the rest of the Euro zone has kept the market quiet for now.
The USD safe haven status have again weighed in the market for longer term investors interest in spite of the global uncertainty in the market. Meanwhile, with oil prices and gold have continued to decline have likewise supported USD demand while investors shift funds with a deteriorating Euro. And the latest UK downgrade have added negative bias for the major currency pairs weighed more for the USD rally to its current levels.
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