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Foreign exchange market The euro down against the dollar

03/02/2021
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The euro lost some ground against the dollar on Tuesday. The European currency lost 0.44% to 1.2085 dollars. Over a week, the euro is now down 0.37%, and 1.2% since January 1. The single currency had risen to its highest level since 2018 at the start of the year, before the dollar rallied on the prospect of better days after Joe Biden's inauguration. The plan of the new president of the United States aims to revive the economy. This could have the effect of reviving inflation somewhat and benefiting the greenback.

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