Greenback is Gaining on the Forex Market as Risk Aversion Rises

Becareful friends, risk aversion is rises because of Greenback is gaining today on the Forex market as risk aversion rises. Uncertainty over what’s next for Greece, and how it will affect the eurozone, is pressuring the euro and helping the US dollar. But additionally, many Forex traders and investors are waiting for the latest policy announcement from the Federal Open Market Committee. Yeah wait and bleed for some investors, wait for more greed for some other investors


So what is exactly awaiting moment, One of the areas of speculation and interest today is what the FOMC will announce regarding interest rate policy, as well as the forecast for the economy going forward. There is a great deal of anticipation for the announcement, which will come at the conclusion of a two-day meeting.
Meanwhile, Forex traders are concerned about rumblings out of the eurozone. Angela Merkel has issued a warning about the situation with Greece — and its possibly dire consequences for the eurozone and the world. The result is that safe haven is being sought, and the US dollar treated as a safe haven currency.

The stability of the US dollar has long been a reason that it has been considered a safe haven. Backed by what many consider the most stable taxpayer base in the world, the greenback makes an ideal safe haven currency during times of uncertainty.