The Euro posted solid gains in overnight trading

The US Dollar begins the day on the defense as generally strong risk appetite weighs on the dollar’s appeal. Global financial markets have been shaky for the past week, and investors have been apprehensive to assume riskier positions in light of political unrest in Egypt. However, demonstrations have been relatively peaceful since the Egyptian military took control of security in the country’s major cities, and the wave of unrest has yet to spread to more volatile neighbors like Yemen