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Old 30-12-2020, 21:04
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KostiaFM KostiaFM is offline
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Default Re: Daily Market Analysis by ForexMart

EUR/USD. December 30, 2020 Dollar has updated two-year lows

On Wednesday, the dollar renewed multi-year lows in pairs with many currencies: paired with the euro, the dollar reached its lowest level in two years at around 1.2300. The pressure on the greenback was put on by the postponement of the immediate consideration of raising household payments to $2,000.

The dollar index fell to 89.711 against a basket of six major currencies, its lowest level in more than two years.

Earlier, the dollar also showed a decline, and risky assets growth. The reason was the signing by Donald Trump of a bill to help the population and economy in the fight against coronavirus. And while the payout remains uncertain, many analysts predict that the US currency could weaken further next year, as newly elected US President Joe Biden is expected to push for even greater economic support.

Another negative factor for the dollar is the expectation that the US Federal Reserve will keep interest rates low for a very long time.
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