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Dollar plumbs two-year low as Fed's December meeting comes into focus
By Tom Westbrook
Sunday, November 29, 2020
SYDNEY -- The U.S. dollar fell to a more than two-year low on Monday and is set to log its largest monthly fall since July, as a combination of vaccine optimism and bets on more monetary easing in the United States drives investors out of the world's reserve currency.
Against a basket of currencies, the greenback slipped 0.1% to 91.707, its lowest since April 2018. The risk-sensitive New Zealand dollar hit a 2 1/2-year high and is headed for its best monthly percentage gain in seven years.
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"The themes remain familiar: broad dollar weakness amid improving risk appetite," ANZ Bank analysts said in a note.
"This sentiment is likely to continue into December and the (U.S. Federal Reserve) meeting, at which some further action is likely, given the near-term virus risks in the United States." ...
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