The dollar settled near its lowest level in three months against a basket of major currencies on Monday, with riskier currencies continuing to benefit from bets on a strong recovery in the global economy.<\/p>\n\n\n\n
The dollar index hovered around the 90 level, down 0.2% and close to its three-month low of 89.646, which it hit on Friday.<\/p>\n\n\n\n
The dollar is considered a safe haven, and has declined steadily over the past two months as economic optimism grows.<\/p>\n\n\n\n
European shares opened higher today, approaching record highs, but with several markets, including Germany, closed for a public holiday.<\/p>\n\n\n\n
The euro rose a quarter percent, topping $1.22. The single currency has increased nearly 4% against the dollar in the last three months.<\/p>\n\n\n\n
In cryptocurrencies, Bitcoin rebounded, rising only 6% to just under $ 37,000, but it is still much lower after a sharp decline in recent days, as it lost up to 17% to record $ 31,107 on Sunday.<\/p>\n\n\n\n
The currency lost half its value within weeks of hitting a record high of $ 64,895 in April, undermining the justifications for its broad acceptance.<\/p>\n\n\n\n
Cryptocurrencies generally collapsed after Elon Musk said he would stop accepting Bitcoin as the currency to buy Tesla cars and after China imposed more restrictions on them.<\/p>\n","protected":false},"excerpt":{"rendered":"
The dollar settled near its lowest level in three months against a basket of major currencies on Monday, with riskier currencies continuing to benefit from bets on a strong recovery in the global economy. The dollar index hovered around the 90 level, down 0.2% and close to its three-month low of 89.646, which it hit …<\/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-46005","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\/46005","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=46005"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46005\/revisions"}],"predecessor-version":[{"id":46007,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46005\/revisions\/46007"}],"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=46005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}