OANDA Senior Market Analyst Ed Moya: Dollar Will Continue To Fall In Race For Brexit
The dollar has hovered around a two-year low for several days, but many other currencies are doing great thanks to progress on COVID-19 vaccinations and the implementation of the US aid plan. Note that an intensive care nurse became the first American citizen to receive a vaccine from Pfizer and BioNTech.
“This gives hope that we will defeat the coronavirus and be able to successfully distribute the vaccine. However, the situation is not the best for the dollar. It fell to 90.419, the lowest level since April 2018”, said Ed Moya, senior market analyst at OANDA. In addition, he noted that investors will "pull up" their positions due to Brexit, as the UK and the European Union agreed on a deadline until Sunday. On this day, they plan to continue negotiations on a trade deal.
Wall Street's major indices rose on Monday, December 14th. The New Zealand and Australian dollars surged to their highest since April 2018. For example, the New Zealand dollar is now 0.08% higher against the US dollar. The euro also gained about 0.31% against the dollar to $ 1.2146. Moya says the coronavirus situation in Europe, including the lockdown in Germany, has had a limited impact on financial markets.
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