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The dollar is in decline, with bets on recovery thanks to the distribution of the Corona vaccine

2021-02-16T08:01:12.601Z


SINGAPORE - SANA The dollar fell to a three-week low today, and commodity-related currencies rose Singapore - Sana The dollar fell to its lowest level in three weeks today, and currencies linked to commodities rose, as progress in the anti-Coronavirus vaccination campaigns boosted investors' hopes for a recovery. Reuters reported that the dollar traded near important lows against other currencies, and the risk-sensitive Australian dollar reached its highest level in a month at $ 0,7802 and t


Singapore - Sana

The dollar fell to its lowest level in three weeks today, and currencies linked to commodities rose, as progress in the anti-Coronavirus vaccination campaigns boosted investors' hopes for a recovery.

Reuters reported that the dollar traded near important lows against other currencies, and the risk-sensitive Australian dollar reached its highest level in a month at $ 0,7802 and the New Zealand dollar reached a five-week peak at $ 0,7257.

The pound, which led the activity, continued its gains, reaching $ 1.3946, its highest level since April 2018, as Britain leads the world in the rate of vaccination per person, and the currency gained nearly 3 percent from the low levels recorded in early February.

The euro rose 0.2 percent to $ 2.150, and higher oil prices pushed the Canadian dollar and the Norwegian kroner to their highest level in several weeks.

The Chinese yuan fell 0.1 percent to 4,132.6 per dollar after the Financial Times reported that Beijing was considering restricting exports of rare earths.

The Japanese yen also reached its lowest level since late 2018 against the euro and the Australian dollar, and reached a five-year low against the Swiss franc at 118.80 yen per franc.

Source: sena

All business articles on 2021-02-16

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