The price of the US dollar fell on Monday to the lowest level in nearly two years against the euro, in light of fears of an increase in the number of cases of coronavirus in America, with expectations of the commitment of the Council The Federal Reserve cut interest rates.
According to Reuters, the Federal Reserve will most likely confirm that it will keep interest rates close to zero for years to come when it ends on Wednesday its two-day meeting.
At the end of the trading session, the euro was up 0.79 percent at $ 1.1726 after recording earlier at $ 1.1781, its highest level since September 2018. p>
The dollar index fell 0.72 percent to 93.68 after earlier falling to 93.47, the weakest level since June 2018.
The Japanese yen, which is considered a safe haven, also rose due to fears of deteriorating US-China relations. Tensions rose between the world's two largest economies after Washington ordered a few days ago to close the Chinese consulate in Houston, prompting Beijing to close the US consulate in Chengdu.
The dollar fell 0.66 percent to 105.42 yen after falling earlier to 105.13 yen, the lowest since March 16.
The pound rose 0.66 percent against the US currency to $ 1.2873 after earlier jumping to $ 1.2900, its highest level since March 11. p>
(Fun Knowledge of Knowledge)
