The price of the dollar fell on Monday to its lowest level in three years against the Japanese yen, to 101.58 yen, a decrease of 0.3%, in light of the decline in oil prices and the concerns of the Corona Virus, as revenue fell. US Treasury bonds are at lower levels.
According to Reuters, the dollar also fell against the euro, increasing the euro by 1% to $ 1.1408, while the Australian and New Zealand dollars fell nearly two percent against their US counterpart.
During the trading, the Australian dollar fell 6 percent to its lowest level in 11 years against the yen, while the New Zealand counterpart fell more than seven percent.
In the latest trading, the Australian dollar recorded 0.6540 dollars, recovering from a drop to 0.6311 dollars, while the US dollar remained at its lowest level in 17 months against a basket of currencies.
Oil prices collapsed 30 percent after Saudi Arabia surprised markets by pledging to cut the price of crude and increase production following the collapse of the OPEC agreement to cut supplies.
The panicked investors rushed to the bond in search of safety, and the 30-year US bond yield fell to one percent and for ten years, at 0.5 percent, to dispel what was once the main attraction of the dollar.
