News – Economic News – The greenback has stalled due to concern over a 7-year highs Powered by – News Network On Monday, April 16,
The dollar stabilized on Monday, in recent trading, as investors who recently bet on a falling dollar have absorbed the fallout from the US and Syrian strikes in Syria earlier this week. Despite the widening interest rate differentials for the dollar and the two-year gap between US bond yields and their German counterpart to the highest level in almost three decades, the performance of the US currency in recent months has been closely linked to volatility in investor appetite for risk. The dollar’s decline coincided largely with the acceleration of demand for higher risk assets and vice versa, and strikes in Syria strengthened this trend. The dollar index, which measures the performance of the greenback against a basket of currencies, stabilized at 89.75. The dollar has fallen 0.3% since the beginning of this month, hitting its losses since the beginning of the year to 2.5%.
In a broader index of the dollar, including the New Zealand dollar, the Mexican Peso, the Brazilian Real and the Russian ruble, the US currency recorded a net gain of $ 27.21 billion, the highest level since August 2011. Other major currencies remained trading in limited trading ranges, and the euro started the week near $ 1.23, a level that has been circulating over the past week.
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