US dollar declines against ahead of data release

The dollar fell against the euro on Monday at the beginning of a week full of anticipated events, including the British budget, the European Central Bank meeting, US jobs data, and important political developments in China and the United States.

According to Reuters, Bitcoin rose to its highest levels in more than two years, exceeding $65,000, amid large inflows into cryptocurrency funds traded on stock exchanges, especially in the United States.

The euro rose 0.12% to $1.0853, while the dollar index, which measures the performance of the US currency against six major currencies, including the euro and the yen, stabilized and was trading at 103.83.

The yen’s performance fluctuated around 150 against the dollar, a level that traders are closely monitoring, as investors try to evaluate whether the Bank of Japan may end its negative interest rate policy as soon as this month.

The dollar rose 0.24% to 150.485 yen in the latest trading.