The US dollar erases the wave of its losses that
lasted for 6 days, as it rose 0.2% in the first sessions of the new year 2020, displacing the euro from its peak achieved in five months while ignoring the
Chinese yuan in its foreign dealings at the beginning of the year reducing the central reserve ratio for banks, which may increase the pumping Liquidity of about 115 billion dollars.
After the dollar ended the month of December with a boat drop of 2% in front of a basket of currencies, it started to rise slightly to 96.5, while
the state of stability of the dollar against the euro prevailed at 1.12 dollars, a narrow difference from the peak of early August.
The Chinese yuan closed at 6.9 dollars to the dollar in its strongest close since August 2, and a state of stability prevailed in foreign market trading after an
the initial decline after China lowered on Wednesday the proportion of mandatory reserves that banks must maintain, which is expected to pump 115 billion dollars in liquidity to support the Economy.
The Australian dollar fell 0.2% and the Canadian dollar rose, approaching the highest level in two and a half months.
Sterling fell by 0.2%, also after gains of 2.5% over the month of December.