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The dollar traded near a two-month high against a basket of currencies on Monday, September 28, while doubts about an economic recovery continued before a batch of economic data and political developments in the United States.
The recovery of US stocks on Friday contributed to limiting the rise of the safe-haven dollar, but signs of slowing Walid’s recovery from the pandemic and political uncertainty kept investors cautious.
Was little changed on the dollar index at 94.530, and it had hit its highest level in two months last week at 94.745. It made its biggest weekly gain since early April. Against the Japanese currency, the dollar recorded 105.36 yen.
The euro recorded $ 1.1626, after falling to $ 1.16125 on Friday, its lowest level in two months. The British pound recorded 1.2797, up from its lowest level in two months, which it reached on Wednesday at $ 1.2676. Investors are now looking forward to the first presidential debate in the United States on Tuesday.
