NEW YORK (Reuters) - The U.S. dollar eased across the board on Thursday, ceding some of the ground gained in recent sessions as firmer risk sentiment prompted investors to reach for higher-yielding currencies.
The currency declined 2.2% this quarter as global funds pulled $4 billion of capital out of the country's stock market, the most among regional markets where data is available.
Countries that are lagging in vaccination rates may feel the pressure as they tighten restrictions that will hurt economic activity, according to Credit Agricole CIB
Meanwhile, implied volatility in developing currencies is rising for the first time in two weeks, according to a JPMorgan Chase & Co. gauge, raising hedging costs and denting the appeal of higher-yiel
