Recovery bets drive dollar to fresh lows

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Mon, 2021-02-22 04:17

TOKYO/SINGAPORE: The US dollar was sold to multi-year lows against sterling and the Australian and New Zealand currencies on Monday, as investors cheered vaccine progress and wagered on the pandemic recovery bringing a global trade boom and an export windfall.
The British pound hit $1.4043, its highest since April 2018, as Prime Minister Boris Johnson charts a path out of lockdowns on the back of rapid vaccinations.

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