200 days ago • Posted by Martin Boujol
The Dollar at its lowest in 2 years
After the announcement of successful vaccines creation, investors who usually rush to the Dollar in times of difficulty went bearish, expecting the Fed to keep its loose policy despite a returning growth . “The improving outlook for global growth combined with strong signals from the Fed that it will maintain loose monetary policy well into the economic recovery have been encouraging a weaker US dollar,” said Lee Hardman, a currency analyst at MUFG Bank in London.
Source: The Financial Times