The price of the US dollar fell to its lowest level in two and a half years on Thursday against a basket of currencies.
According to CNBC Arabia, this drop comes in light of investors' bet that more economic stimulus from Washington and the expected start of distributing Covid-19 vaccines will support high-risk assets .
And while US lawmakers have failed to reach an agreement on new aid to alleviate the pandemic-ravaged economy, there are initial indications that a $ 908 billion proposal will win With bipartisan approval, it may gain momentum.
> Investors expect lawmakers to eventually reach an agreement as the two parties also face a December 11 deadline to pass a $ 1.4 trillion budget or risk a government shutdown .
The single European currency rose slightly to $ 1.2119, touching its highest level since late April 2018, and the dollar index fell to its lowest level in two and a half years at 90.948 and stabilized in the latest Transactions at 90.992.
The US currency fell against most other currencies, except for the Japanese yen, which is considered a safe haven, as the dollar held on to its rise against the Japanese currency at 104.47 yen.
and the Australian dollar traded at $ 0.7409, after hitting a 26-month high in the previous session after data showed that Australia's economy recovered more than expected in Third quarter.
and the Chinese yuan traded in foreign trade at 6.5478 to the dollar, near the highest level in two and a half years that touched it last month, to maintain its strength due to expectations that the White House in Under the administration of US President-elect Joe Biden, it will be a more favorable factor for China's economic growth.
The pound sterling stabilized near its highest level in three months, and recorded in its latest trading 1.3387 after volatile dealings on Wednesday, as markets await whether Britain and the European Union will be able to reach Trade agreement.
and decreased by 1% to $ 19,043, but it remains near its record high of $ 19,918, which it reached earlier this week.
