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  On Wednesday morning, the dollar nursed losses against a basket of major currencies as progress in the COVID-19 vaccines are on a positive mood and investors started to look for riskier currencies. The optimism from the investors is due to the possibility of the vaccine becoming available soon worldwide and economic recovery in many

On Monday morning in Asia session, the dollar was down amidst hopes of early distribution of COVID-19 vaccines to control the spread of the virus.  The US Dollar Index was down 0.34% to 103.145 by 12:12 AM ET (4:12 AM GMT)  The FDA is looking forward to grant approval on Mid December for the release

On Friday, the dollar’s slide was halted after U.S. Treasury Secretary Steven Mnuchin called an end some of the Federal Reserve’s Pandemic lending.  The announcement shifted the previous positive move after Republican and Democrats agreed to resume negotiations on another coronavirus stimulus package.  While Mnuchin’s move was aimed at re-appropriating some $455 billion allocated to

On Tuesday, Federal Reserve Chairman Jerome Powell says its not yet time to stop the emergency credit programs amidst rising of Covid-19 cases and the economy left with “a long way to go” recover.  “I don’t think it is time yet, or very soon,” says Powell regarding the shutting of emergency program that is set up

On Monday morning in Asia, the dollar was down due to the increasing number of COVID-19 cases and uncertain sentiments on COVID-19 vaccines. On Sunday, 15 countries signed the Regional Comprehensive Economic Partnership trade deal. The agreement pushed the investors to seek out riskier currencies early in the week. The US dollar index edged down

  On Friday morning in Asia session, the dollar edged higher towards its best week against the yen since March.  Although, hopes of a Covid-19 vaccine continued to waver investors sentiment and a second wave of Covid-19 cases in Europe and U.S. meant that most investors will start seeking out safe-haven currencies.  Ahead of the

On Wednesday, the dollar was down amidst surge of new cases in Covid-19 and talks of how a Coronavirus vaccine will be delivered earlier in the week. The U.S. Dollar Index inched down 0.6% to 92.648 by 10:03 PM ET (2:03 AM GMT) On Monday, Pfizer Inc and BioNTech released a positive interim phase III results from

The dollar edged lower on Monday morning in the Asian trading session. The dollar started its week with losses amidst Joe Biden’s victory in the U.S. Presidential Elections.  The U.S. Dollar Index edged down 0.14% to 92.168 by 10 PM ET (2:20 AM GMT).   Investors dumped the dollar over expectations that a Biden victory would

On Friday, the dollar steadied against most major currencies but traders are anticipating more losses on the coming days due to post-elections hopes are lessened for large stimulus to support the economy.  Investors are eyeing Biden as the next U.S. President but Republicans are still seeking to retain control of the senate which will make it

On Wednesday, the dollar gained from its early losses against risk-sensitive currencies after preliminary results of President Donald Trump leading in Florida against Democratic challenger Joe Biden.  “If Biden won Florida, he was almost certain to win the entire race but uncertainties seem high and we are seeing a correction in risk-on trades,” said Yujiro Goto,