Tuesday, November 24, 2009

WORLD FOREX: Dollar Declines As Investors Embrace Risk

TORONTO (Dow Jones)--The dollar declined broadly Monday as investors showed a renewed desire for risk that sent stock markets and commodities higher and buoyed risk-sensitive currencies such as the euro.

"I think the easiest way to say it is that it's the classic 'risk on' day. Equities are up [and] people just don't want the dollar," said David Watt, senior currency strategist at RBC Capital Markets in Toronto.

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