Dollar hits two and a half year low even as equity rally stalls


The dollar was set for its biggest monthly loss against a basket of currencies since July, having wiped 2.5% off its value in November. At 0836 GMT it was at 91.654.

LONDON: The dollar hit its lowest in two and a half years in early London trading on Monday while riskier currencies dipped slightly as the global equities rally paused for breath.

Global market sentiment surged in November, causing the dollar to fall and riskier currencies to benefit, as investors' risk appetite was boosted by Joe Biden's victory in the U.S. presidential election, a series of positive COVID-19 vaccine developments and hopes for further stimulus.

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