The currency markets witnessed a lot of fluctuations in February, as the US dollar fell sharply over the past month, to fall to its lowest level in nearly two months against a basket of major currencies but quickly returned to correct its course, supported by high bond yields.<\/p>\n\n\n\n
The dollar rose in the February 26 session, recording the highest daily growth rate since June of last year.<\/p>\n\n\n\n
On the other hand, the pound sterling may be one of the most prominent gainers in February, with its rise against its US counterpart by about 1.7%, to close last month in the green zone at $1.3932, and the British currency rose against the euro to its highest levels in nearly a year with the decline of the single European currency against the pound by about 2% last month, to end the last session in February at \u00a30.8664.<\/p>\n\n\n\n
The rise in the pound came supported by hopes of ending the third national lockdown in the United Kingdom and easing fears in the market associated with negative interest rates.<\/p>\n\n\n\n
And from the west to the far east, as the Japanese safe haven against the US dollar fell to its lowest level in 6 months, with the dollar rising against the Japanese yen by 2%, to close the month at 106.58 yen.<\/p>\n","protected":false},"excerpt":{"rendered":"
The currency markets witnessed a lot of fluctuations in February, as the US dollar fell sharply over the past month, to fall to its lowest level in nearly two months against a basket of major currencies but quickly returned to correct its course, supported by high bond yields. The dollar rose in the February 26 …<\/p>\n","protected":false},"author":9,"featured_media":31172,"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":[7211,6877,6928,6882],"class_list":["post-42218","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-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42218","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=42218"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42218\/revisions"}],"predecessor-version":[{"id":42219,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42218\/revisions\/42219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31172"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=42218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}