Dollar Stuck Near 3-Month Low, And Bitcoin Facing Difficulties

The dollar settled near its lowest level in three months against a basket of major currencies on Monday, with riskier currencies continuing to benefit from bets on a strong recovery in the global economy.

The dollar index hovered around the 90 level, down 0.2% and close to its three-month low of 89.646, which it hit on Friday.

The dollar is considered a safe haven, and has declined steadily over the past two months as economic optimism grows.

European shares opened higher today, approaching record highs, but with several markets, including Germany, closed for a public holiday.

The euro rose a quarter percent, topping $1.22. The single currency has increased nearly 4% against the dollar in the last three months.

In cryptocurrencies, Bitcoin rebounded, rising only 6% to just under $ 37,000, but it is still much lower after a sharp decline in recent days, as it lost up to 17% to record $ 31,107 on Sunday.

The currency lost half its value within weeks of hitting a record high of $ 64,895 in April, undermining the justifications for its broad acceptance.

Cryptocurrencies generally collapsed after Elon Musk said he would stop accepting Bitcoin as the currency to buy Tesla cars and after China imposed more restrictions on them.