The dollar falls to its lowest level in two and a half years

The dollar price fell to its lowest level in two and a half years, in light of the race to find an effective vaccine against the Corona virus.

According to Arabiyanet, the current Bloomberg dollar index fell by as much as 0.2% to its lowest level in April 2018 after US officials said that vaccinations may start in April 2018. Less than three weeks.

The New Zealand dollar, the British pound and the Norwegian krone led the gains against the greenback in Monday's trading in Asia.

Rodrigo Catrell, a currency strategist at National Australia Bank Limited in Sydney, said: The poll news favors the view of the global economic recovery sooner rather than later with the US dollar losing its appeal The safe haven along the way. This is a positive background for risks, and negative for the US dollar, especially with the possibility of continuing the policy of the Federal Reserve for some time.

The dollar fell more than 11% from its record level in March as investors encouraged the possibility of a viable vaccine and prospects for improving global growth rates.

Morgan Stanley recommended selling the dollar in favor of stocks and bonds, while Goldman Sachs prefers to reduce the US currency against its counterparts from developing countries including the Mexican peso and the South African rand.