Reuters
The dollar is falling, with bets on recovery
The dollar fell to its lowest level in 3 weeks today, while the pound sterling reached its highest level in nearly 3 years, as progress in the vaccination campaigns against Corona boosted investors’ hopes for a recovery.
The dollar index, which tracks the performance of the US currency against a basket of major currencies, fell 0.1 percent to 90.240 points, its lowest level since January 27, and the euro reached its highest level since that date.
The dollar traded near important lows against other currencies. The risk-sensitive Australian dollar reached a one-month high of $ 0.7802, and the New Zealand dollar reached a five-week high of $ 0.7257.
The pound, which led the activity, extended its gains, reaching $ 1.3946, the highest since April 2018, as Britain leads the world in the per capita vaccination rate. The currency gained nearly 3 percent from the lows recorded in early February.
Source: Reuters
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