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Dollar held down by doubts over pace of U.S. recovery; bitcoin retreats from record high

From reuters.com

The dollar started the week pinned near two-week lows on Monday as traders questioned whether the recovery from the pandemic in the United States would be as fast as expected.Bitcoin remained volatile, retreating to as low as $45,914.75 a day after reaching a record $49,714.66. The world’s most popular cryptocurrency had rallied 25% last week, driven by endorsements from Tesla and BNY Mellon. The dollar index slipped 0.1% to 90.336, close to last week’s low of 90.249 - a level unseen since Jan. 27. The gauge hit a two-month top of 91.6 on Feb. 5 on hopes that a U.S. rebound would outpace other major economies, but ... (full story)

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  • Category: Fundamental Analysis