Currencies Overview: Dollar is Hovering Near Its Lowest Level in a Month as US Bond Yields Decline

On Monday, the dollar settled near its lowest level in a month against other currencies, while US Treasury bond yields hovered near the lowest level in five weeks after the Federal Reserve confirmed its view that any increase in the rate of inflation is likely to be temporary.

The US currency, which is considered a safe haven, fell due to improved risk appetite amid a wave of global stocks rally to record levels.

Bitcoin suffered losses on Sunday, down 14% to $51,541. In the last transactions, it recorded 57 thousand and 20 dollars.

The dollar index, which tracks the performance of the greenback against six of its rivals, scored 91,632, near its lowest level last week at 91.484, a level it last declined to on March 18th.

Against the Japanese yen, the dollar hit 108.55 yen, near the lowest level since March 24.

The euro hit $1.1958, near the highest level since the fourth of March.