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Currencies: The Dollar has weakened

11/02/2021
Categories: Economy/Forex

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The parities regained some volatility after the FOREX seemed off. In the process, the Dollar backtracked. It recorded losses against most currencies on Monday.

The Dollar lost 0.5% against the Euro towards 1.210, -0.6% against the Yen at 104.60 and -0.65% against the Swiss Franc at 0.89302. It resists against the Canadian dollar and yields only 0.3% against the 'austral' currencies.
The greenback returns to its January 28 levels and invalidates its short-term uptrend channel by falling back below 1.2100/E. Now the markets are wondering if the dollar can rise further.

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