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The US dollar is falling to its lowest level in a month, against an increase in the value of the yuan and the euro.
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The US dollar fell to its lowest level in a month
The US dollar fell to its lowest level in a month, against a basket of major currencies, as investors await the outcome of the financial stimulus talks ahead of the US presidential election.
The dollar index fell for the second day in a row to 92.991, its lowest level since Sept. 21.
The disagreement between Republicans and Democrats continues over the approval of a second stimulus package to support the US economy in the face of the repercussions of the Corona pandemic, with the possibility that its approval fades before the next presidential elections.
In contrast, a strong recovery in the Chinese economy helped propel the yuan to its highest level in two years.
On Monday, the National Bureau of Statistics of China announced that the Chinese economy grew 4.9% in the third quarter of the year, compared to the same period last year.
The euro was up 0.5% against the dollar to 1,184, after falling 0.1% to $ 1,176 during early trading in the London market.
It is noteworthy that US economist Stephen Roach previously warned that next year will be tough on the dollar, indicating that there is data to indicate this.
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