Forex Updates- Risk Aversion takes the USD higher

Overall, the greenback placed strong increased even from the Sunday session.  The move was aligned with the US futures, which placed some strong turn down for this time of the night. According to Forex updates the release calendar was very light on Sunday, so US futures may remain a very good guide during the trading session for the USD direction, as it has been the case recently.

The Euro (EUR/USD) moved minor tonight for the first time in the past five days of trading. The Euro lost 70 pips in the Sunday session, dragging the major currencies lower against the greenback. This week, the Euro-area has numerous reports planned on daily, but none of them are likely to move the currency market.

The Pound (GBP/USD) is re-testing the low reached on Friday, after it turned down 70pips tonight. Also, some disputed that the BoE occurred in the currency market during the last week to maintain the pound’s value. A number of foreign ministers have just complained the pounds weaken.