Read more about Dollar slips further as oil prices jump, commodity currencies gain on Business Standard. The dollar index, which measures the greenback against a basket of six currencies, fell 0.091% to 92.903.
NEW YORK/LONDON (Reuters) -The eased further on Tuesday as risk-related currencies benefited from rising commodity prices and set aside concerns about the spread of the Delta coronavirus variant to gauge data that showed a U.S. economy in strong recovery mode. Risk appetite in global strengthened after the U.S. Food and Drug Administration on Monday granted full approval to the COVID-19 vaccine developed by Pfizer and BioNTech in a move that could accelerate U.S. inoculations. A bounce in China’s technology sector also contributed to risk-on sentiment that helped boost the Canadian, Australian and New Zealand dollars. « The euro, Canada and Aussie currencies made new lows for the year last week, and so the is consolidating and its upside momentum has stalled, » said Marc Chandler, a managing director at Bannockburn Global Forex. The index, which measures the greenback against a basket of six currencies, fell 0.
