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U.S. dollar weakens the most in 2 years

ArgusFX

Weekly synopsis

The U.S. dollar dropped versus its major counterparts last Friday and aimed to its weakest zone against the euro throughout a period of two years.

U.S. dollar index at 93.47

The U.S. dollar index aimed at 93.47 declining 0.82%. The greenback devalued after the FED's chair Yellen, at the Jackson Hole, disappointed investors.

The EUR/USD approached the 1.1924 zone rising 1.06%, the EUR/GBP reached the 0.9257 level escalating 0.42%, the GBP/USD to 1.2878 appreciating 0.61%, and the USD/JPY to 109.36 sliding 0.17%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-weakens-the-most-in-2-years
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