[size=36]Globally.. the dollar is retreating from a 9-month high[/size]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
The dollar fell today, Monday, from its highest level in more than 9 months, as a jump in Asian stocks improved sentiment, despite the continued spread of the mutated “delta” strain of the Corona virus.
The dollar index, which measures the performance of the US currency against six competing currencies, decreased 0.19 percent to 93.311 points, compared to last Friday, when it rose to 93.734 points for the first time since November 4, 2021.
The dollar's move comes, at a time when stocks rebounded In the region, base metals prices rose as hopes for an improvement in demand increased after China, the world's largest consumer of metals, announced that it had not recorded new cases of local infection with Covid-19 for the first time since July 2021. Sentiment was also boosted by a strong closure of Wall Street, Friday.
The commodity-linked currencies, such as the Australian and Canadian dollars, led the recovery against their US counterpart, after significant declines recorded last week.
The euro rose 0.18% to $ 1.17195, moving away from the lowest level in nine and a half months, which was recorded last Friday, and amounting to $ 1.1664.
The British pound added 0.18% to reach $ 1.36475, up from the lowest level in a month of $ 1.3602, which it recorded at the end of last week.