Dollar’s Slump Propels Global Peers Toward Multi-Year Peaks
- Euro, Canadian dollar near highest versus greenback since 2018
- U.S. currency weakness has further to run: RBC Capital Markets
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The dollar’s protracted decline is spurring Group-of-10 peers toward multi-year highs.
The Bloomberg Dollar Index is poised for a 2.7% drop this month, taking its fall since a March peak to 12%. China’s economic rebound and bets on a successful roll-out of vaccines are bringing key levels into play for currencies from the euro to the Aussie and the Canadian dollar.