Dollar Sinks, Sterling Jumps as Market Turns to Risk Assets

Dollar Sinks, Sterling Jumps as Market Turns to Risk Assets
British pound banknote is displayed on U.S. Dollar banknotes in this illustration taken, on Feb. 14, 2022. Dado Ruvic/Reuters
Reuters
Updated:

LONDON/SINGAPORE—The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market.

A survey showed on Monday that investor morale in the eurozone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling energy prices will prevent gas rationing on the continent this winter.