Today, Friday, the euro is heading towards recording its best weekly performance in a month and breaching large previous resistance levels as investors flock to bet that the US dollar will decline further as the world begins emerging from the Covid-19 pandemic.<\/p>\n\n\n\n
And the single European currency is up 1.5% since the beginning of the week and settled in recent trading at $1.2145.<\/p>\n\n\n\n
And after it had already breached the $1.2000 level after several attempts, the cash-in increased momentum in the currency’s credit centres. The next important level of resistance is not earlier than $ 1.2555.<\/p>\n\n\n\n
The euro is also on track to record its best week against the Japanese yen in six months, although the yen rose slightly against the generally weak dollar on Thursday.<\/p>\n\n\n\n
The yen stabilized against the dollar today, and the British pound consolidated near the peak of a year and the rest of the major currencies fell slightly, while Asian currencies advanced.<\/p>\n\n\n\n
Against a basket of currencies, the dollar fell about 12% from its three-year high of 102.990 in March, to reach its lowest level in two and a half years at 90.504 on Thursday and remains near that level on Friday.<\/p>\n\n\n\n
The Chinese yuan, a tool with increasing investor appetite for betting on the dollar’s decline, hit a 29-month high of 6.5358 per dollar.<\/p>\n\n\n\n
The South Korean won rose 0.7% to its highest level since mid-2018.<\/p>\n\n\n\n
The Australian and New Zealand dollars fell slightly after reaching their highest levels in more than two years on Thursday. The Australian dollar fell in the last trading 0.2% to $ 0.7427, and the New Zealand dollar fell by the same percentage to $ 0.7061.<\/p>\n\n\n\n
Both currencies are on track to gain for the fifth week in a row.<\/p>\n","protected":false},"excerpt":{"rendered":"
Today, Friday, the euro is heading towards recording its best weekly performance in a month and breaching large previous resistance levels as investors flock to bet that the US dollar will decline further as the world begins emerging from the Covid-19 pandemic. And the single European currency is up 1.5% since the beginning of the …<\/p>\n","protected":false},"author":9,"featured_media":32283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[7211,6877,6882],"class_list":["post-38122","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=38122"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38122\/revisions"}],"predecessor-version":[{"id":38123,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38122\/revisions\/38123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32283"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=38122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=38122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=38122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}