US Dollar buoyed by risk aversion
Financial markets worldwide continued to sell-off during the US Thanksgiving holiday. In the absence of any major monetary or economic news, currency markets took their cue from other risk assets and reacted according to script. Commodity currencies like the Australian and New Zealand Dollars and the Norwegian Krone suffered the most, while the USD rallied against every other G10 currency, save the safe haven Japanese Yen and Swiss Franc. The commodity sell-off also drove eme