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Currency: US dollar strengthens, euro drops to low, ruble crashes

02/03/2022
Categories: Economy/Forex

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The price of the US dollar strengthened on Tuesday at the end of the session. At the same time, we note the fall of the euro to the lowest for more than a year and a half with the ruble collapsing.

The dollar index, which measures the value of the greenback against six other major currencies, rose 0.73% to 97.4090 at 3 p.m. local time (2000 GMT). For its part, the euro fell against the dollar on Tuesday to its lowest level since June 2020 in a market very worried about the invasion of Ukraine by Russia, the ruble starting again lower while bitcoin continued. its rise. Around 7:30 p.m. GMT the euro lost 0.86% to 1.1122 dollars for one euro. Earlier the European currency had fallen to its lowest since June 2020.

The Russian currency, meanwhile, recovered a little to 109.75 rubles to the dollar (+5%) but remained at historic lows after falling to 117 rubles to the dollar in session. Finally, the bitcoin cryptocurrency continued to rise (+5.62% to 43,996.05 dollars).

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