Dollar gains some ground as risk mood stays rather pensive

The dollar is trading up against the euro and has trimmed losses against the pound and commodity currencies on the day.

EUR/USD was holding around 1.1220 earlier but has now fallen to 1.1180 as equities start to show some signs of nervousness again on the day.

EURUSD D1 25-02

Elsewhere, GBP/USD is down from 1.3430 to 1.3385 while AUD/USD has seen gains trimmed from 0.7210 to 0.7190 and NZD/USD likewise from 0.6720 to 0.6700 currently.

There’s still a sense of apprehension in the air and despite yesterday’s miraculous risk comeback in US trading, we’re not seeing much appetite to continue with that in Europe so far.

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