The dollar fell to the lowest level in 9 days

The dollar fell against the major currencies on Thursday, hitting a nine-day low, reversing its recent rally, while the British pound, Australian and New Zealand dollars rose.

The dollar rose in September and early October on expectations that the US central bank will tighten monetary policy faster than expected, but it retreated, giving up its recent gains, even after the minutes of the central meeting of the United States in September confirmed that reducing stimulus measures will likely begin quest’year.

The dollar index fell 0.1% on the day to 93.994, its lowest level since October 5th. The dollar hit a one-year high at 94,563 on Tuesday.

The euro rose 0.1% to $ 1.16105, the highest level in nine days.

The Australian dollar was up 0.3% against the greenback to $ 0.74055. The currency ignored data that revealed a decline in the number of jobs, as investors bet on a quick recovery from the easing of the closing measures.

The New Zealand dollar rose 0.5% to $ 0.7001, reaching the highest level in two and a half weeks.

The Swiss franc rose 0.2% against the euro and hit an 11-month high against the European currency.

The Turkish lira recovered some of its losses and rose from historic lows after President Recep Tayyip Erdogan sacked three members of the central bank’s monetary policy committee.

As for digital currencies, Bitcoin recorded around $ 57,570 and hit a five-month high at the start of the session at $ 58,550.

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