Well, the two-day currency rally ran out of steam yesterday afternoon, and soon the selling (most likely profit taking) began, and the euro (EUR) lost the 1.31 figure, and the Aussie dollar (AUD) lost the $1.04 figure. The risk sentiment has lost its vigor, and we begin this Friday morning with a bias to buy dollars. Why? Oh, I could go on for days about why not. But, it’s the markets, and fickle traders have [...] Chinese Confidence Moves Renminbi Higher vs. US Dollar appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .