BREAKING: Dollar Plumbs Two-Year Low as Fed Comes In To Focus
Photo: Reuters
SYDNEY (Reuters) - The dollar fell to a more than two-year low on Monday and is set to log its largest monthly fall since July, as a combination of vaccine optimism and bets on more monetary easing in the United States drives investors out of the world's reserve currency.
Against a basket of currencies, the greenback slipped 0.1% to 91.707, its lowest since April 2018. The risk-sensitive New Zealand dollar hit a two-and-a-half year high and is headed for its best monthly percentage gain in seven years.
The euro and Australian dollar each rose slightly to three-month peaks.
The Aussie is up more than 5% for the month, the kiwi 6.4% and the euro 2.7%.
Sterling stood at $1.3325, having climbed steadily this month to its highest since September, as investors wagered a Brexit deal would be brokered even as the deadline for talks loomed ever larger.
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