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[size=36]The dollar is hovering near its weakest level in a month[/size]
Economie| 12:35 - 29/10/2021
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Baghdad - Mawazine News
The dollar hovered near its weakest level in a month against the major currencies on Friday, under the influence of the strong euro, as traders bet on an increase in European interest rates, as rising stocks slashed demand for safer assets.
The New Zealand dollar fell amid a decline in consumer confidence, while the cryptocurrency Ether rose to a record high.
The dollar index, which measures the performance of the US currency against a basket of six other major currencies, including the euro, rose 0.1 percent to 93.462, but remained close to its lowest level recorded on Thursday at 93.277, a level it has not fallen since September 27.
The euro fell 0.1 percent to $1.1666, after rising to $1.1692 overnight for the first time since September 28.
There was little change in the yen, which is another safe haven, as it reached 113,595 to the dollar, to continue to decline gradually from its highest level in almost three years at 114,695, which it reached last week.
The Australian dollar fell 0.1 percent to $0.7537, after hitting its highest level since early July at $0.75555 in the previous session.
The New Zealand dollar fell 0.3 percent to $0.7177 after the consumer confidence index fell sharply in October.
As for digital currencies, Ether rose to a record high of $ 4,400, while its largest competitor, Bitcoin, rose to be trading near $ 61,200, but down from its record level of $ 67,016.50 last week.
The New Zealand dollar fell amid a decline in consumer confidence, while the cryptocurrency Ether rose to a record high.
The dollar index, which measures the performance of the US currency against a basket of six other major currencies, including the euro, rose 0.1 percent to 93.462, but remained close to its lowest level recorded on Thursday at 93.277, a level it has not fallen since September 27.
The euro fell 0.1 percent to $1.1666, after rising to $1.1692 overnight for the first time since September 28.
There was little change in the yen, which is another safe haven, as it reached 113,595 to the dollar, to continue to decline gradually from its highest level in almost three years at 114,695, which it reached last week.
The Australian dollar fell 0.1 percent to $0.7537, after hitting its highest level since early July at $0.75555 in the previous session.
The New Zealand dollar fell 0.3 percent to $0.7177 after the consumer confidence index fell sharply in October.
As for digital currencies, Ether rose to a record high of $ 4,400, while its largest competitor, Bitcoin, rose to be trading near $ 61,200, but down from its record level of $ 67,016.50 last week.
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