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U.S. dollar hovers around two-and-a-half year low; Analysts see further weakness in 2021
The U.S. dollar is currently hovering around lows last seen in April 2018 as investors continue to pour back into riskier assets, and analysts expect this weakness to persist into 2021. As of Friday afternoon in Europe, the DXY U.S. dollar index was trading at around 90.68, down by around 6% year-to-date despite having climbed above the 102 mark in March, as the coronavirus pandemic spread globally and sent investors running for safety. A series of successful vaccine trials has driven a windfall for equity markets and other riskier asset classes over the past month, however, causing the greenback to slide against ... (full story)