{"id":12348,"date":"2010-08-24T08:00:22","date_gmt":"2010-08-24T12:00:22","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12348"},"modified":"2010-08-24T08:00:22","modified_gmt":"2010-08-24T12:00:22","slug":"us-dollar-rising-on-risk-aversion","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/24\/us-dollar-rising-on-risk-aversion\/","title":{"rendered":"US Dollar Rising on Risk Aversion"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; The US dollar appears to be on the rise since the end of last week.  Climbing against most of its currency counterparts, the greenback has  been gaining ground due to a rise in risk aversion. Should today\u2019s  figures from the US and Canada provide hints of a slowing economic  growth, we could continue to see this risk flight gain momentum and  drive safe-havens, such as the USD and JPY, slightly higher.<\/p>\n<p><strong>Today\u2019s leading news events:<\/strong><\/p>\n<p><strong>12:30 GMT: CAD \u2013 Retail Sales and Core Retail Sales<\/strong><\/p>\n<p>Retail sales measures the percentage change in sales of retail goods  in a country since the preceding month. As this data comprises a large  portion of a nation\u2019s consumption and demand, it has a direct  correlation with the strength of that nation\u2019s currency. If Canada\u2019s  retail sales figures come in line with expectations for growth, the CAD  should see some bullishness.<\/p>\n<p><strong>14:00 GMT: USD \u2013 Existing Home Sales<\/strong><\/p>\n<p>The sale of existing homes is one aspect of the housing market in the  United States. With the housing market still recovering from the crash  of 2007-2008, these figures have grown in significance for forex  traders. With an expected decline in existing home sales this month,  there is a chance that further investment will flee riskier assets and  move towards safe havens, which seems to have become commonplace since  the middle of last week. If the figures do come in line with  expectations today, the USD could actually see a rise in value as a  result of a flight away from risk.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                   may not be suitable  for     all            investors.       There    is  a                 possibility           that             you   could       sustain a  loss      of  all     of       your                 investment and               therefore  you             should   not       invest        money   that     you              cannot    afford to            lose. You            should    be       aware  of        all       the     risks            associated     with       Foreign          Exchange         trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Greg Holden &#8211; The US dollar appears to be on the rise since the end of last week. Climbing against most of its currency counterparts, the greenback has been gaining ground due to a rise in risk aversion. Should today\u2019s figures from the US and Canada provide hints of a slowing economic growth, we &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/24\/us-dollar-rising-on-risk-aversion\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;US Dollar Rising on Risk Aversion&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12348","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12348"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12348\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}