Dollar falls amid warnings of further decline



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Dollar falls amid warnings of further decline

Reuters

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The dollar fell today as negative US economic data and optimism over Corona vaccines prompted investors to look to riskier currencies associated with commodities and emerging markets.

The British pound traded near its highest level in more than two months against the dollar, as investors awaited details of trade talks between Britain and the European Union this week.

The dollar hit 1.1926 against the euro, approaching its lowest level in more than two weeks. The British pound traded for $ 1.3387, which is near the highest level since September 2. The British pound scored 89.06 against the euro.

The dollar index, which measures the performance of the greenback against a basket of six currencies, approached its lowest level in more than two months. Dollar transactions were lukewarm as markets closed later Thursday for the Thanksgiving holiday.

Bitcoin, the most popular cryptocurrency, fell to $ 17,895, after a failed attempt to break its highs of $ 19,666 recorded in December 2017.

Source: Reuters



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