Early Thursday trading started under the spell of continued risk appetite, with the depreciation of the safe haven dollar reflecting the sentiment of investors, whose mood lifted after the US President backtracked on his intention to postpone the approval of an economic stimulus package. With global stocks on the rise, the euro would normally be one of the beneficiaries of the current risk-on stance, but today the single currency’s performance is subdued relative to the dollar as investors await the speeches of ECB officials during the day, who in the past, under similar circumstances, have attempted to talk-down euro strength.
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