The US dollar continues its decline as market risk appetite returns

The US dollar continues its decline as market risk appetite returns. Hope that the global financial and economic crisis is moderating eroded the greenback's safe-haven appeal, dragging the currency lower. Global sentiment is that the worst of the recession may be behind us as evidence of “green shoots” continue to appear in the economy. A government report released today showed U.S. personal income posted a larger-than-expected jump in May, while spending, which accounts for over 70 percent of