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Currency: The dollar rises against the euro

07/12/2021
Categories: Economy/Forex

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In a market already focused on inflation in the United States, the US dollar rose against the euro on Monday. Analysts predict a jump in inflation to 6.7% for November after 6.2% in October.

After falling sharply against the euro in the last sessions of November, the greenback is gradually approaching its highest level of the year reached on November 24 at 1.1186 dollars. Around 7:20 p.m. GMT, the dollar gained 0.29% against the euro, to 1.1282 dollars. The major event risk this week is inflation in the United States, the latest data for which will be released on Friday. As for cryptocurrencies, bitcoin, whose price collapsed by more than 20% during the day on Saturday to sink to its lowest since the end of September at 42,296 dollars before recovering, was slowly approaching its symbolic threshold of $50,000.

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