Dollar at two-month low, euro-yen strong

The value of the dollar fell slightly, giving relief to the global and US economy. The dollar fell 10.6 percent on Thursday, according to data from the Currency Bid Price (CBP), an index that monitors the value of global currencies.

On the other hand, the value of Euro, the currency of the European Union, increased slightly against the dollar today. The currency bid price chart shows that the value of the Euro rose by 67.67 percent on Thursday. Apart from this, Japan's currency Yen, Australia's currency Auji dollar are also in this list.

Analysts of the international currency market said that the value reached by the dollar on Thursday is the lowest in the last two months.

The main vehicle of the global economy is the US currency dollar. International trade, including energy and gold markets, is almost entirely dollar dependent. But from June last year, the value of the dollar began to rise, which began to affect the global economy. Due to the increase in the value of the dollar, most of the countries reduced their purchases of fuel to stabilize their foreign exchange reserves. As a result, the fuel oil market began to slump.

At the same time, inflation started to increase. Along with the less developed and developing countries of Asia, the prices of daily necessities including food, fuel and the United States, the United Kingdom and Europe are also increasing uncontrollably. In the US alone, headline consumer price inflation rose 6 percent in February-March.

According to international currency index data, the dollar was at 100.86 on Thursday, the lowest since April 2. The euro rose 1.10 points against the dollar on the same day, the highest since April 1.

Along with the Euro, the dollar also depreciated against the Japanese yen and the Australian dollar. According to the CBP index, the dollar depreciated against these two currencies by 8.8 percent and 1.05 percent respectively.

Adam Button, chief analyst at ForexLive, a Canada-based international currency watchdog, told Reuters, "We're probably going to enter a world of low inflation soon." The market is giving that message.

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