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Foreign exchange market: The dollar falls again

04/05/2021
Categories: Index/Markets

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Still under pressure, the dollar fell again this Monday against the euro and the main currencies, victim of a return to risk appetite. At the same time, the euro was helped by good European figures.

The dollar is falling again as the London, Tokyo and Hong Kong squares remained closed on Monday due to a public holiday. However, the euro rose by 0.37% to 1.2065 dollars per euro, around 19:00 GMT.
Joseph Manimbo of Western Union notes that the dollar has resumed its downward trend against major currencies after flows at the end of the month on Friday sent it higher. The greenback has thus fallen by nearly 2.8% since the beginning of April against the dollar index, which compares the dollar to a basket of six other major currencies

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The British pound rose by 0.64% to 1.3911 dollars per pound. The euro area received support from the IHS Markit Index (PMI) of manufacturing activity, which showed its highest level since the start of this survey in 1997, climbing to 62.9 points in April, from 62.5 points in March.
Yields on ten-year treasury bills, which also dictate the attraction for the dollar, fell to 1.60% (-1.30%) around 19:00 GMT. Bitcoin finished up 1.41% at $57,848

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