The dollar reached the brink of a new record peak for the current year, amid fears about the growing infections of the Corona virus, which undermined gains that sparked expectations of raising interest rates, while investors wait for what the European Central Bank will say to derive their next step.
According to Arab Net, the euro touched its lowest level since April on Tuesday, and recorded 1.1772 dollars in Asian transactions, not far from its lowest price during the current year. at $1.1704. Markets are awaiting whether the European Central Bank will make adjustments in the direction of monetary easing when it meets tomorrow, Thursday.
The result is that the ECB's monetary policy will remain very accommodative for a longer period of time, which will hold back the euro, said Kim Mendy, an analyst at the Commonwealth Bank of Australia.
The dollar index rose 0.1% to 93.033 and may test the March peak of 93.439, according to Sean Callow, an analyst at Westpac in Sydney, as the currency appears to be benefiting from Avoiding risk when investors are concerned.
The most recent price of the Japanese yen was 109.87 to the dollar and 129.237 to the euro. The British pound hit $1.3616, below the 20-day and 200-day moving average, and just slightly above the five-month low recorded on Tuesday.
In cryptocurrencies, cryptocurrencies recouped Tuesday's losses, surpassing Bitcoin's lowest level in a month and back above $30,000.
