The price of the dollar fell to its lowest levels in more than two years against the Chinese yuan, and it fell against other Asian currencies, with the approaching date of the American elections and the approaching Democrat Joe Biden more From the White House.
According to CNBC Arabia, the yuan rose for a while in internal transactions to its highest level in more than two years at $ 6.6381, extending its recent gains, as it became The Chinese currency is winning bets on Biden's victory.
The pound retreated against the dollar and the euro after media reports that the Bank of England, which is set to announce a policy decision late Thursday, is considering Negative interest rates.
Analysts say that expectations that the Biden administration will adopt a less severe tone with regard to trade policy is likely to weaken the dollar against the currencies of countries that usually face the threat of tariffs under the administration. President Donald Trump.
emerging market currencies such as the Malaysian ringgit and the Indonesian rupiah also rose against the US currency. The dollar index, which measures its performance against a basket of six major currencies, reached 93.350, slightly change from the previous session.
The euro reached $ 1.1736 today, improving its performance from the previous session. The pound sterling fell 0.25% to $ 1.2960. The sterling slipped 0.33% against the euro to 90.55 pence.
Against the yen, the dollar did not change significantly, to score 104.33.
