The U.S. dollar was weak against most of its peers on Friday, as the currency’s safe-haven appeal lost some sheen again amid continued improvement in risk sentiment thanks to optimism about coronavirus vaccines.
The likelihood of a fiscal stimulus in the U.S. and recent weak economic data also weighed on dollar.
The dollar index slid to 91.76, giving up nearly 0.25% from previous close.
Against the Euro, the dollar weakened to $1.1964, going down by over 0.4%.
The Pound Sterling was weaker against the greenback, fetching $1.3301 per unit, after closing the previous session at $1.3358. Uncertainty about a Brexit deal was among the key factors that contributed to the British currency’s weakness.
The Yen firmed up to 104.46 a dollar, gaining from 104.26.
The Aussie was stronger by about 0.35% against the U.S. dollar, with the pair trading at 0.7387.
The Swiss Franc strengthened to 0.9047 from 0.9070 a dollar, while the Loonie was up at 1.2991 a dollar, firming up from C$1.3017.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.