The dollar falls to its lowest level!



[ad_1]

The dollar fell today, Thursday, to its lowest level in two and a half years, as investors bet that greater economic stimulus and hope to begin distributing vaccines for Covid-19 will support high-risk assets.

The dollar index fell to its lowest level in two and a half years at 90,948 points and was in the last trade at 90,992 points.

While US lawmakers have failed to agree on new aid to ease the pandemic-ravaged economy, there are early indications that a $ 908 billion proposal with bipartisan approval could gain traction.

Investors hope that lawmakers will eventually reach an agreement, as the two sides also face a December 11 deadline to pass a $ 1.4 trillion budget.

Yujiro Goto, Head of Strategy at Nomura Securities, said: “Britain has started immunization and the US is expected to do so in the coming weeks, while it appears that the coronavirus infection has peaked in Europe and the same It can be said of the United States as well. All this mitigates concerns. Regarding the economic recovery losing momentum. “

The single European currency rose slightly to $ 1.2119, touching its highest levels since the end of April 2018.

The US currency fell against most other currencies, except for the Japanese yen, which is considered a safe haven, as the dollar maintained its rise against the Japanese currency at 104.47 yen.

[ad_2]