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Currencies: The euro rises against the dollar

01/12/2021
Categories: Economy/Forex

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While the Euro grabbed and passed the 1% cap since Thanksgiving, the Dollar suffered the repercussions of a sharp drop in its remuneration and lost ground against all currencies.

While the greenback is suffering from the fears expressed by the head of the American Federal Reserve after the detection of the Omicron variant, the euro is recovering against the dollar, in concert with the yen and the Swiss franc. The Euro climbed 0.25% towards 1.1320 and passed the 1% cap since Thanksgiving. The Dollar lost -0.45% against the Yen at 113, -0.4% against the Swiss Franc and -0.35% against the Pound at 1.3265. The single currency, which has been battered against the greenback for six months, still has a long way to go to return to its rate of early November, above $1.15.

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