Dollar Slump Shows Traders Are Embracing Risk Again
Greenback index is at its lowest since early March
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The dollar is perhaps the single best barometer of the risk investors see from the war in Iran, and it’s pointing lower, suggesting fears are easing.
The Bloomberg Dollar Spot Index is near the lowest since March 2, and is close to walking back all of its gains since the conflict in the Middle East started. It’s down 1.8% in April — including a seven-day losing streak through yesterday.