Dollar resumes slide and risk appetite is weakened, following Cohn shock

its lowest level in two weeks. The resignation appears to have played a role in weakening risk appetite towards the stock markets. High-yielding currencies, like the South African Rand, suffered against the USD during trading on Wednesday. Other emerging market currencies, like the Russian Ruble and Turkish Lira, have also declined against the Dollar.

Gary Cohn was previously viewed as a leading candidate to replace past Federal Reserve Chair Janet Yellen, therefore his resignation has not been something that investors are prepared to overlook. Cohn was also seen as an advocate for global trade,