Dollar finds footing on U.S. economy as euro falters

The dollar began the week on a firm footing, inching toward a milestone peak against the euro on Monday, as a cautious market mood pushed investors to safety while U.S. economic strength and a rapid vaccine rollout also added to the greenback’s shine.The euro was down 0.1% in the Asia session at $1.1783, not far above last week’s four-and-a-half-month trough of $1.1762 and well below its 200-day moving average of about $1.1866. The common currency is headed for its worst month since mid-2019 as Europe’s faltering vaccination programme runs into a wave of new infections, a bearish signal as positioning data … (full story)

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