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The US dollar is on pace for its worst 4th-quarter performance in 17 years as vaccine roll-outs embolden investors
As COVID vaccines roll out and a long-awaited US economic aid package looks increasingly likely, investors are piling into the kinds of assets that do well when times are good - and that's not the US dollar. The dollar has fallen by nearly 4% so far in the fourth quarter, its weakest performance in the final three months of the year since a 6.4% loss in the fourth quarter of 2003, and the losses look unlikely to slow any time soon. "After a substantial multiyear rally, the US dollar appears rich versus other alternative "safe haven" currencies such as the euro and yen, which have become increasingly attractive," ... (full story)
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- Dec 16, 2020 9:12am Dec 16, 2020 9:12am
- loriflori
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- classy
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