Dollar falls ahead of Biden's inauguration ceremony

2021-01-20 13:18:30 GMT (Economies.com)
Dollar falls ahead of Biden's inauguration ceremony

The US dollar fell on Wednesday, deepening losses for the second straight day due to weak demand, following the US Treasury Secretary nominee Janet Yellen's recent statements and ahead of Joe Biden's as inauguration president of the United States.

 

The dollar index fell more than 0.2% to 90.27 points, after opening at 90.48 and hit a high of 90.53.

 

The greenback lost 0.3% yesterday, on profit-taking from a 4-week high of 90.95 points.

 

Biden's Treasury Secretary nominee Janet Yellen urged lawmakers not to worry too much about debt, adding that President Joe Biden's administration would not aim to weaken the US dollar against other currencies to support exports.

 

US President-elect Joe Biden today will be officially inaugurated as the 46th president of the United States, and the ceremony take place in Washington at 17:00 GMT.

 

Biden has pledged to add extra stimulus to quickly overcome the coronavirus crisis impact, which is the worst economic crisis since the 1930s Great Depression.

 
 
 
  Symbol Last Change Chg.%
1.1911
-0.0143
1.1851%
1.3838
-0.0097
0.6972%
Tadawul
9242.28
-68.88
0.74%
25.247
-1.621
6.035%
66.283
4.812
7.828%
69.56
2.85
4.27%
1700.790
-39.040
2.244%
 
 
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