The dollar continues to decline and the euro goes up

The dollar continued to decline against a number of other currencies today, and lost some of the gains it recorded at the end of the previous session, amid growing concerns due to the restrictions to combat the Corona virus in China.

The dollar index, which measures the greenback against a basket of currencies, fell 0.4 percent to 106.19.

The euro, with anticipation of inflation data, due for release tomorrow, rose 0.4 percent to $1.0380, near a five-month high of $1.0497 at the close of the previous session.

And European Central Bank President Christine Lagarde said yesterday that inflation in the euro area has not yet reached its peak and that it may rise more than expected now, hinting at a series of interest rate increases in the future.

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