Vaccine hopes boost euro; dollar dips amid subdued US yields

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Vaccine hopes boost euro; dollar dips amid...
 © CyprusMail 2021
The dollar sank to a fresh 6-1/2-week low against major peers on Tuesday as the euro led a

rally on the back of a brightening outlook for the region’s vaccination programme.

The dollar had already been losing traction as US bond yields retreated from a 14-month peak touched last month, reducing the greenback’s yield allure.

The euro rose as high as $1.20715 for the first time since March 3, while the British pound touched a fresh

one-month high at $1.40090, building on a 1 per cent jump overnight.

Some analysts say support for the euro likely came from the announcement that...


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Vaccine hopes boost euro; dollar dips amid subdued US yields


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Article Tags: vaccine, hopes, boost, dollar, subdued, yields,