Dollar sits near seven-week peak, boosted by euro selloff

02.02.2021 - Korneychuk Evgeniya
Dollar sits near seven-week peak, boosted by euro selloff

The dollar sat near a seven-week high on Tuesday, supported by an overnight euro selloff after COVID-19 restrictions hit consumer spending in Europe.

The euro fell the most in 2 ½ weeks on Monday after German retail sales dropped more than anticipated in December.

The dollar rose even as stocks rallied, defying a recent trend for the greenback to fall as risk appetite improved.

The dollar index fell 0.1% to 90.87 on Tuesday. It climbed 0.4% overnight and briefly hit 91.063, its highest level since Dec. 10.

The euro rose 0.2% to $1.20835 after falling 0.7% on Monday. The dollar lost 0.1% to 104.875 against the yen after hitting 105 overnight.

The risk-sensitive Aussie grew 0.4% to 76.485 U.S. cents. 

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