{"id":107561,"date":"2021-01-04T17:59:26","date_gmt":"2021-01-04T17:59:26","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107561"},"modified":"2021-01-04T17:59:26","modified_gmt":"2021-01-04T17:59:26","slug":"105160-dollar-starts-2021-on-the-wrong-foot","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105160-dollar-starts-2021-on-the-wrong-foot\/","title":{"rendered":"Dollar starts 2021 on the wrong foot"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The US dollar kicked off 2021 on the back foot as investors bet that the world\u2019s pandemic recovery will boost other currencies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The euro rallied 0.3% to $1.2252. The pound targeted the multi-year high of $1.37and the Chinese yuan rose 0.9% to a 30-month high of 6.4647 per dollar.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The safe-haven yen rose 0.3% to 102.94 after Japan\u2019s Prime Minister said his government is considering a state of emergency in Tokyo as covid cases\u00a0 rise.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Expectations of prolonged low U.S. interest rates, massive U.S. budget and trade deficits together with the belief that recovering global trade will drive non-dollar currencies higher have resulted in the greenback spiraling lower.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The dollar index fell 13% from its 2020 peak in March to the end of the year \u2013 its\u00a0 first annual loss since 2017. At the time of writing it trades -0.08% weaker at 89.688, just above\u00a0 a more than 2-1\/2 year low of 89.515 hit last week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The weaker dollar boosted commodity prices and lifted bitcoin in addition to\u00a0 several Asian currencies to milestone highs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Minutes of the Federal Reserve\u2019s December meeting due on Wednesday could offer further guidance over the Fed\u2019s next moves..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data wise,\u00a0 manufacturing surveys across the globe are due, which will reveal how the sector is coping with the spread of the coronavirus.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar kicked off 2021 on the back foot as investors bet that the world\u2019s pandemic recovery will boost other currencies. The euro rallied 0.3% to $1.2252. The pound targeted the multi-year high of $1.37and the Chinese yuan rose 0.9% to a 30-month high of 6.4647 per dollar. The safe-haven yen rose 0.3% to [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5589,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[],"class_list":{"0":"post-107561","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dollar starts 2021 on the wrong foot - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105160-dollar-starts-2021-on-the-wrong-foot\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105160-dollar-starts-2021-on-the-wrong-foot\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105160-dollar-starts-2021-on-the-wrong-foot\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"Dollar starts 2021 on the wrong foot\",\"datePublished\":\"2021-01-04T17:59:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105160-dollar-starts-2021-on-the-wrong-foot\\\/\"},\"wordCount\":216,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105160-dollar-starts-2021-on-the-wrong-foot\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100635-gbp-usd-boris-johnson-politics.jpg\",\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105160-dollar-starts-2021-on-the-wrong-foot\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105160-dollar-starts-2021-on-the-wrong-foot\\\/\",\"name\":\"Dollar starts 2021 on the wrong foot - 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