FXstreet.com (Barcelona) - Dollar has been sold off against most rivals, as sentiment turns in the markets. Stocks run across all sessions although Wall Street closes barely positive Wednesday. Pound finally find support despite the trade deficit unexpectedly widened in January, with a 7.7 billion pounds gap ($10.6 billion), compared with 7.2 billion pounds in December. However, U.K economic prospects continue to decline. Euro reached as high as 1.2865 while Japanese Yen, break a key technical point around Y97.80 and remains close to Y97.20.
However, macroeconomic conditions have not suddenly improved around the world and some analyst suggests dollar could still resume strengthening against its rivals in the coming sessions if risk aversion once again takes control of markets.