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The dollar is falling to its lowest level in more than two months

2021-05-13T02:57:44.702Z


Tokyo-SANA The dollar plunged to its lowest level in more than two months against other major currencies today, after the jobs report


Tokyo-Sana

The dollar tumbled to its lowest level in more than two months against other major currencies today after the disappointing jobs report in the United States, prompting investors to reduce their expectations of raising interest rates.

Reuters reported that the dollar index, which measures the performance of the US currency against six currencies, reached 90.259, after it fell to 90.128 for the first time since February 26, earlier in the session.

The pound sterling was the biggest gainer among the most traded currencies, as it rose 0.5 percent to its highest level since the 25th of February.

The euro rose 0.1 percent to $ 2.172, and the dollar increased to 108.865 yen, but it is still not far from its lowest level since April 27th.

The Australian dollar traded near its highest level in more than two months at $ 0,7847, while the Canadian dollar rose to its highest level in three and a half years at $ 1,2111.

Source: sena

All business articles on 2021-05-13

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