Euro, British Pound Fail to Hold Ground as U.S. Dollar Rallies on Risk Aversion

The Euro pulled back from the yearly high and slipped back below 1.5000 following the rise in risk aversion, and the single-currency may test the 10-Day SMA (1.4903) for short-term support going into the North American trading session as equity futures foreshadow a lower open for the U.S. market.