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The US dollar is falling
The US dollar fell in early London trade on Friday, as it was going to suffer a weekly loss against a basket of currencies, though the stock market lost momentum as sentiment hurt over doubts about AstraZeneca’s vaccine for Covid-19 .
According to “Reuters”, the dollar has lost more than 2.2 percent since the beginning of the month in light of better sentiment in global markets as a result of Joe Biden’s victory in the US presidential elections and news of vaccine development for Covid -19, which reduced the demand for safe haven money.
By 8:31 GMT, the dollar was at 91.953 against a basket of currencies, down 0.1 percent today, and near its lowest level in 3 months. The price movements in the markets were limited by the Thanksgiving holidays in the United States, which today will witness a reduction in trading hours.
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