Hey guys, just wanted to make a small contribution for all FX fans.

Dollar fell against other major currencies yesterday, when a report showed non-manufacturing sectors of the US economy grew in April after three consecutive months of stagnation according to some experts. Rising oil prices are causing problems for dollar. Markets in London and Japan were closed so the currency did not see much happening to give it a boost.

Euro however is picking up slowly. JP Morgan G10 strategist Kamal Sharma said:, "European equity markets have been a bit disappointing. We're seeing a little bit of an increase in risk aversion with the investment community rotating back into the cyclically defensive currencies -- so we've seen the Swiss franc, the yen and euro all rallying today."

The euro rose 0.1 percent to $1.5511. Dollar was little changed at 104.85 yen.

Source