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Dollar index hits more than two-year low

Dollar index hits more than two-year low

The dollar hit its lowest in two and a half years on Monday. This has been attributed to a combination of Joe Biden’s election win, increased hopes for further stimulus and a series of positive COVID-19 vaccine announcements, triggering a stock market rally and a strength in riskier currencies. Monday also saw Bitcoin move to an all time high level, while Gold dropped to a five-month low.

pennydreadful
pennydreadful
Fast Eddy
Fast Eddy 1 months

“Increased stimulus” -> money machine go brrrr... This is a bubble that keeps growing...

Rhokanth
Rhokanth 1 months

If the markets don't support Biden, then they ain't black.

TheMadDane
TheMadDane 1 months

Nothing to see here, folks. Joe Biden's dogs told a pet psychic he's going to be a great President.

TexasReb
TexasReb 1 months

Joe Biden's election win softens the dollar.... Who'da thunk it?

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