Nerdware App | The dollar recovered after a three-week black series
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The dollar recovered after a three-week black series

The dollar recovered after a three-week black series

The dollar recovered Wednesday by cutting off a three-week series of losses after investors consolidated their positions before publishing data on industrial production and the December report from a Federal Reserve meeting.

The dollar recorded a daily growth of 0.3 percent versus a basket of currencies at 92.10 points, after having weakened 2.5 percent over the past three weeks.

At the annual level, the green bank note fell by 17 percent, the highest annual loss in value over the past 14 years.

The euro traded on Wednesday for $ 1.2017, after reaching a four-month high of $ 1.2081 the previous day, recording a growth of around 3.0 percent since mid-December and rising to a September record of $ 1.2092, the highest level from the beginning of 2015.

Higher yields on eurozone bonds last week helped boost the euro, and the difference in yields between 10-year US and German bonds was the smallest in the past six weeks.