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.
