Dollar Snaps Five-Day Losing Stretch Amid Drop in Risk Appetite
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The dollar ended five days of losses against a basket of its major counterparts as investor risk appetite shrank and global stocks dropped.
The Bloomberg Dollar Spot Index rose from almost a five-month low as U.S. equities declined. The Swiss franc gained versus most major peers, while Brazil’s real pared a fourth weekly advance. Futures traders turned bullish on the Australian dollar for the first time in 11 months.