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US Dollar Near Its Lowest Level Since 2018

Adel 7 December, 2020 6:23 pm Daily Economic Reports, Economic Report, Market Update

The US dollar index settled near its lowest level in two and a half years during trading on Monday after weak US jobs data. while the British pound fell as Britain and the European Union made a final attempt to reach a trade deal.

In the US, jobs data on Friday showed non-farm payrolls increased by 245,000 last month, the lowest rise since May, in a sign that the jobs recovery has slowed.

An index that measures the dollar’s price against a basket of currencies was last traded 0.2% up at 91, near 90.47, the weakest level since April 2018.

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