Dollar gives ground to higher-risk currencies as Chinese shares soar – ZAWYA

Dollar gives ground to higher-risk currencies as Chinese shares soar – ZAWYA

Dollar gives ground to higher-risk currencies as Chinese shares soar | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar gives ground to higher-risk currencies as Chinese shares soar The euro was up 0.2% at $1.1355 even after German export data failed to meet analysts' expectations    Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018. The U.S. dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency.China's yuan rose to a four-month high against the dollar, extending recent gains as investors of all stripes increased positions in Chinese stocks due to growing signs of a recovery in the world's second-largest economy.George Saravelos, currency analyst at Deutsche Bank, said in a note to clients that he expects the greenback to weaken further because of negative macro data surprises from the United States.China's yuan rose to a four-month high against the dollar, extending recent gains as investors of all stripes increased positions in Chinese stocks due to growing signs of a recovery in the world's second-largest economy.The U.S. dollar fell against most currencies on Thursday as