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Currency: The dollar is approaching its highest level

30/03/2021
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The US dollar approached its highest level in four months. Concerns about a third wave of COVID-19 in Europe, potential tax hikes in the United States and escalating tensions between the West and China, which have undermined risk appetite, are favorable factors at safe haven.

The dollar is strengthening further. While the euro is back to its lowest level in four months at 1.1835 USD, the US dollar has approached its highest level in the same period.
The New Zealand dollar lost more than 2% of its value after the New Zealand government took steps to bring the property market under control.
The Swiss Dollar is back to March highs at 0.9362 and may well break above them to rally resistance at 0.9468.

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