The dollar gains value versus all other major currencies on international markets. This acceleration has caused the euro/dollar parity to fall to its lowest point since 2002. Dollar and euro exchange rates were equal.
The dollar gained ground against the euro and other major currencies on the opening trading day of the week on the international markets as investors sought safe-havens.
On the first trading day of the week, the euro/dollar parity tested 1.0057, falling by more than 1%. The pair thus achieved its lowest point since 2002.
The sterling’s decline versus the dollar accelerated due to the political unrest in England. Sterling dropped 1% versus the dollar as well.
On the first trading day of the week, the dollar strengthened due to the decline in risk appetite. The spread of epidemic measures and the rise of Kovid-19 cases in China had a negative impact on risk perception, while European equities and US futures fell.
On the opening trading day of the week, the dollar’s gain grabbed attention, but market participants were more interested in US inflation. According to his forecast, US inflation will reach a 40-year high of over 9%.
