Updated .. the US dollar deepens its losses globally after economic data


direct: The US dollar deepened its losses against a basket of major currencies during Monday’s trading, as risk appetite improved and after economic data.

The dollar losses come in light of strong gains for global stocks that It rose to a 4-week high With hopes of a recovery in the economy.

The green paper came under pressure against the backdrop of euro gains after economic data showed that German factory orders It rose by 10.4 percent in May after a strong drop in the previous month, and retail sales in the euro area rose by 17.8 percent in the same period.

With the change of services in The United States grew during the past month At the greatest pace ever.

There is still a clear increase in the number of new cases of “Covid-19” within the United States with the economy reopening, but nonetheless participants focus on the growing possibility that the major economies will continue to recover.

By 5:00 pm GMT, the US currency fell against its European counterpart, more than 0.5 percent, to record $ 1.1310.

While the dollar fell against the Japanese currency by about 0.07 percent at the level of 107.43 yen, while it settled against the British currency at the level of 1.2491 dollars.

As for the currency pair (the dollar-Swiss franc), it witnessed a decrease of about 0.5 percent, with the green paper falling to 0.9412 francs.

During the same time, the main index of the dollar, which follows the performance of the American paper, declined against 6 major currencies, about 0.4 percent, recording 96.11.


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