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Foreign exchange market: The dollar at its lowest level for a month

20/04/2021
Source : ORISHAS FINANCE
Categories: Economy/Forex

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While bitcoin is holding near $57,000 after the weekend drop, the dollar remains at its lowest level in a month.

After the US Federal Reserve reiterated its view that any rise in inflation is likely to be temporary, the dollar traded just above its lowest level in a month against major currencies on Monday, and yields Treasury fell to their lowest level in five weeks.
The dollar index, which tracks it against six other currencies, was at 91.552, not far from last week's low of 91.484, a level not seen since March 18. The dollar bought 108.40 yen, its lowest against the Japanese currency since March 24.
The euro changed hands at $1.1985, flat on the day and close to its highest against the dollar since March 4. The S&P 500 closed at a record low on Friday, extending the rally in global stocks
The MSCI Emerging Markets Currency Index was up 0.1% on the day and 0.8% since the start of last week.

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