The Euro fell against the Dollar for a second session in a row on Tuesday, as investors retreated from the risk and embraced safer assets such as US Treasurys. Unexpectedly weak US confidence data intensifies the risk-averse mood of investors who also worried about the posibility the US Federal Reserve could signal an eventual end to its stimulitive policy stance at its policy-setting meeting next week, The same aversion to risk that pulverised the Euro resulted in the Dollar ceding some territory against the yen as investors unwound earlier carry trades in which they borrowed cheap yen to invest in higher-yielding currencies such as the Australian and New Zealand dollars. People looking for safety seems to be the bottom line here.
In : World Forex News