2018 just doesn’t seem to be a good year for dollar. Seems like that fall that started in the end of 2017 just keeps going for the greenback as Euro experiences rapid jumps.
Today dollar index has approached its lowest level in the last three years. It has especially fallen down in comparison to Euro which is at the level of three-year high as the optimism in Euro zone is growing in hopes that the Euro Bank’s monetary policy will get tighter. And while euro is attracting more and more investors, greenback doesn’t seem to stop falling.
Those who follow dollar’s stability can see that it has been falling for the last 5 weeks straight which the worst indicator for US national currency since 2014. Monday index has fallen by 0.5% comparing to that of the previous week.
The pound is also growing even though Brexit is an ongoing deal. It is now reported that despite the leave that UK takes from EU, two unnamed European countries want UK to stay in their economic space and so pound will not be let go of, so now the stability it shows is very promising for United Kingdom’s economy.
In comparison with yen greenback has fallen to it’s lowest point since September 2017 – by 0.4%. Recently the bank of Japan has announced that Japanize economy is experiencing recovery and that explains the fall dollar is taking in comparison to yen.