Dollar prices in Asia today
The price of the dollar in Asia witnessed a significant decline on Wednesday. Where it fell by 0.4 percent against the Australian dollar and fell to its lowest level in two and a half years against the yuan.
The dollar fell by 0.1 percent to 90.816 against a basket of currencies, separating it less than half a percent above the lowest level in two and a half years it reached on Friday, according to what was reported by "Reuters".
The dollar also fell about 0.2 percent against the euro to $ 1.2126, and is heading for an annual loss of more than 7.5 percent against the single European currency. It is the largest since 2017.
While the dollar fell to 6.4975 Chinese yuan in foreign trade and 6.5229 in internal trading. This puts the yuan at more than ten percent from the lows recorded in May. Supported by the falling dollar and regular inflows of Chinese stocks and bonds.
There was little change in the Japanese yen at 104.14 per dollar, and JPMorgan predicted that it is only a matter of time before it breaks the key psychological level at 100 as the US Federal Reserve maintains extremely accommodative monetary conditions.
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