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Currency: The dollar is stabilizing

15/02/2021
Categories: Index/Markets

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The dollar stabilized against the other major currencies on Friday. The dollar index, which measures the value of the greenback against a basket of other currencies, picked up 0.03%.

In a market that was moving a bit away from riskier assets and where volumes were reduced, the dollar index, which measures the value of the greenback against a basket of other currencies, picked up 0.03% around 20:30 GMT (21:30 in Paris).
For currency traders, the record drop of 9.9% in the British economy in 2020 is weighing on the pound. But the British currency has remained on the rise since the beginning of the year against the dollar (+1.4%) and the euro (+2.2%).
“The British economy is well positioned to make a comeback, given the speed of the vaccination campaign,” commented Lukman Otunuga, analyst at FXTM. Derek Halpenny, an analyst at MUFG, believes that the main event for the markets remains the evolution of the debates on the plan to stimulate the American economy

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