Dollar tests 2021 lows ahead of Fed minutes, bitcoin tumbles | Malay Mail

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LONDON, May 19 — The dollar hovered around its lowest levels of the year against major currencies today as inflation-wary traders awaited US Federal Reserve minutes and China’s tough stance on cryptocurrencies sent bitcoin and Ether tumbling down. With data showing last week the fastest...

US one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. — Reuters picLONDON, May 19 — The dollar hovered around its lowest levels of the year against major currencies today as inflation-wary traders awaited US Federal Reserve minutes and China’s tough stance on cryptocurrencies sent bitcoin and Ether tumbling down.

The dollar index was flat against its basket of six major currencies in morning trading in Europe at 89.804 but in striking distance of its January 8 low of 89.664. The British pound bought US$1.4182 , just below the US$1.4240 level touched in February, its highest since 2018.Against the Canadian dollar, the greenback traded at CUS$1.2071, close to its weakest since May 2015.In the Southern Hemisphere, the selling pressure on commodities weighed on the Australian and New Zealand dollars which both retreated just short of 0.4 per cent against the dollar.

Rival digital currency ether dropped to US$2,856 then recouped some of its losses, trading down 12.7 per cent at US$2,950.

 

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