The euro is climbing on the back of the return to risk-appetite to the market

The US dollar weakened after the U.S. consumer confidence fell in August to its lowest level in four months. The dollar is on the defensive this morning, falling lower against currencies viewed as high risk such as sterling and the Australian dollar, partly boosted by robust gains in world stocks and rosy economic fundamentals for these pro-risk units said to be sensitive to higher growth. The Japanese yen gained as falling U.S. confidence increased demand for currency safety. Gains will be