Improving economic data reduces the attractiveness of dollar

On Monday, the dollar fell against the euro and the pound against the backdrop of the emergence of signs of stabilization of the American economy and, consequently, increasing the appetite for risk. In the past few sessions, the U.S. dollar remained under pressure due to worn better forecasts of the housing market, the volume of production in the manufacturing sector and consumer spending, which helped strengthen the belief that the economic downturn is over. Published on Monday, the data supported the prevailing trend: the deferred sale of homes in March rose a second month in succession, the cost of construction in March also rose unexpectedly. According to analysts Global Forex Trading, the dollar returns to a familiar scenario, under which the U.S. currency falls against the backdrop of good news, and growing - on the background of the poor. The dollar is considered a safe haven currency, and declining when investors turned to more risky assets to seek higher profits.