The dollar is at its lowest level in two weeks


The dollar reached its lowest level in two weeks today, Wednesday, as demand for safe assets receded, while investors were looking forward to an expected recovery from the Covid-19 pandemic this year, driven by a major financial and monetary stimulus.
Bitcoin settled at about $ 46,500 after hitting a new high of $ 48,216 overnight after Tesla revealed an investment of $ 1.5 billion in the leading cryptocurrency.
The rival virtual currency, Ethereum, which usually moves in conjunction with Bitcoin, hit a record high of $ 1,826 today before trading up 1.1 percent to $ 1,791.
The dollar, which is usually seen as a safe haven, fell against the main counterpart currencies, as risk appetite was supported by optimism about financial and monetary support and strong profits for companies and vaccines against the Coronavirus.
The dollar index fell to a low of 90.378 today for the first time this month, reaching 90.398 in its latest trading, and is about to suffer losses for the third session.
The dollar nearly settled at 104.58 yen, after falling to a low of 104.5 for the first time this month in the previous session.
The euro rose to $ 1.2126, consolidating its gains for a third day. The pound resumed its highest level in three years at $ 1.3827 before trading up 0.1 percent at $ 1.3818.


Please enter your comment!
Please enter your name here