The dollar continues to lose losses, while giving up credit positions and watching the British elections
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Economy News _ Baghdad
The dollar continued to suffer its biggest losses in weeks on Thursday, as the Federal Reserve (the US central bank) expected that it would keep interest rates unchanged during 2020, which triggered a wave of selling to credit positions in the American currency.
Investors are also concerned ahead of the deadline to apply new US customs duties to Chinese goods on Sunday, the European Central Bank meeting and the British elections on Thursday.
The dollar hit its lowest level in more than a month against the euro at $ 1.1143 and remained at this range while the British pound tended to rise ahead of the elections.
And the dollar fell against a basket of six currencies to the lowest level in four months at 97.038.
The Japanese yen stuck to the overnight gains of 108.55 yen to the dollar.
The Australian and New Zealand dollars were among the highest up.
The Australian dollar rose 1 percent overnight and hit a direct lower level from a month's high of $ 0.6882 on Thursday.
The New Zealand dollar hovered slightly lower than the four-month high hit at $ 0.6581.
Sterling's trading takes into account the likelihood of the Conservative party winning a majority in Parliament, paving the way for Britain to exit the European Union at the end of January.
It strengthened the weakness of the sterling dollar and pushed it up to $ 1.3217 on Thursday.