Good news for investors. As bitcoin hits $50,000, the greenback edged closer to its highest level in a year against its major rivals on Tuesday.

Ahead of the release of a key jobs report at the end of the week, the US dollar edged closer to its highest level in a year against its main rivals. The risk-sensitive Australian dollar was among the biggest losers as the Reserve Bank of Australia reiterated that it does not expect to raise interest rates until 2024. The US dollar index rose 0, 13% to 93.932.

The Australian dollar fell 0.1% to $0.7281, moving further away from the four-day high hit Monday at $0.73045. The New Zealand Dollar fell 0.34% to $0.6939, also moving away from a four-day high at $0.6981. The euro weakened 0.21% to $1.15965. The pound edged up 0.15% to $1.3629 and hit a three-week high against the euro at 85.11 pence. At the same time, cryptocurrencies have rallied. Bitcoin hit $50,000 for the first time in four weeks.