An easing of risk appetite has aided the dollar, recovering from 2009 lows against the euro

The dollar recouped some of its losses on Friday following a slight rise in risk aversion, bringing the price back to 1.4708.

• The dollar gained a respite as bearish commodity and equity markets provided a measure of haven demand and some support for the greenback.
  
• Additionally, investors trimmed their positions on Friday ahead of holidays in Japan and Singapore this week, although the trend for broad dollar weakness is seen as likely to persist.
  
• However, other analysts argue that with US short positions at their highest in over year, the oversold greenback could continue getting a reprieve over the coming days.
  
• Indeed, the single currency has continued to lose ground in trading this morning, sliding another 0.3%, as investors remain wary of taking positions ahead of the US interest rate statement being made later this week.