The US dollar is falling globally amid the relaxation of national closure restrictions


direct: The US dollar fell against a basket of major currencies during Tuesday’s trading, with some US states beginning to ease national closure restrictions.

The performance of the green currency, which is considered a safe haven in the midst of crises, was due to the decisions of some American states to ease the restrictions of social divergence, to return.Tesla “opens its factories in California,

Despite health experts ’warnings about reopening the economy early, the US state of Georgia has begun allowing residents to eat in restaurants and watch movies, and more states from Minnesota to Mississippi have taken steps to ease restrictions.

Kevin Heist was Economic advisor to the American president Donald Trump cautioned that the US economy would contract by about 30 percent this quarter, which would be the biggest pace since the Great Depression.

Meanwhile, Italy, which has the second largest death toll due to corona, has decided to reopen factories and construction sites as of May 4.

The number of injuries due to “Covid-19” increased to more than 3 million people worldwide, amid the death of about 211,000 others, according to the calculations of the “Johns Hopkins” University.

Investors are awaiting today the release of consumer confidence and house price data in 20 US cities and the commodity trade balance. Investors are also paying special attention to the Federal Reserve meeting, which is scheduled to take place on Tuesday.

By 8:49 am GMT, the US dollar fell against the euro by 0.2 percent to 1.0853 dollars, and also fell against its Japanese counterpart by 0.2 percent, recording 107.08 yen.

The green currency saw a decline against the British pound by about 0.3 percent to 1.2470 dollars, while it rose against the Swiss currency by 0.1 percent, recording 0.9762 francs.

During the same period, the main dollar index, which measures the performance of the US dollar against 6 major currencies, fell 0.2 percent to 99.815.


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