The dollar rose on Thursday, January 7, hovering above its lowest level in nearly three years, after the Democrats won control of the US Senate, paving the way for a possible greater fiscal stimulus under President-elect Joe Biden.<\/p>\n\n\n\n
Currency markets were not affected much by the scenes of chaos in Washington after supporters of outgoing President Donald Trump stormed the headquarters of the US Congress yesterday.<\/p>\n\n\n\n
The dollar index rose to more than 89 in early trading in London, but it is not far from its lowest level in overnight trading at 89, a level not seen since March 2018. The Australian dollar fell to more than 77 US cents after touching a three-year high. Almost at 78 on Wednesday.<\/p>\n\n\n\n
It fell to about $1 after rising to $1.2349 yesterday for the first time since April 2018. It increased to 103 yen after falling to more than 102 yen yesterday for the first time since March.<\/p>\n\n\n\n
But after a decline of nearly 7% in 2020 for the dollar index and a decline of up to 0.9% in the new year, the US currency may catch a breath due to some decline in intense transactions. The yuan largely settled at more than 6 per dollar after the Chinese authorities indicated a desire for a slower pace of gains.<\/p>\n\n\n\n
It recorded a new peak of 37,800 dollars today, reinforcing a jump of more than 800% since mid-March. And in the last transactions, it amounted to 37,332 dollars.<\/p>\n","protected":false},"excerpt":{"rendered":"
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