US Dollar in doldrums as recovery optimism thrives

The buoyant mood, and a sell-off in U.S. Treasuries, also dragged on the safe-haven Japanese yen, which fell through its 200-day moving average against the dollar and struck multi-year lows against the euro, Aussie and Swiss franc. The yen last traded 0.2% weaker at 105.53 per dollar. The dollar index, which measures the greenback against a basket of majors, fell 0.1% to 90.240, its lowest since Jan. 27 and the euro hit its highest since that date. The dollar traded near milestone lows against other currencies. The Chinese yuan was on the brink of rising past 6.4 per dollar for the first time since mid-2018. The … (full story)

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