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Risk aversion was once again the common theme overnight, as European markets kicked off in a negative tone led by a weak knock-on from US and Asian sessions. In typical style, the US Dollar became the prime beneficiary posting gains against major counterparts. The weaker than expected US consumer confidence data on Tuesday continued to play on the minds of investors, at the expense of higher yielding currencies and commodity markets. Little support was seen for the Euro, which fell for the 3rd consecutive session, touching lows of US$1.4690 overnight.
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