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- Asian session review: the dollar declined against most major currencies
Asian session review: the dollar declined against most major currencies
During today's Asian trading, the US dollar fell against major world currencies amid increased risk appetite in global markets due to news about the possibility of an early start of vaccination against COVID-19 in the States.
Moncef Slaoui, head of the US government's pre-vaccination program, said that vaccination in the US could begin as early as December 11-12. On Friday, US Pfizer Inc. and Germany's BioNTech applied for emergency use in the US of their coronavirus vaccine.
Experts note that the news about vaccines suggests that the global economic recovery will begin sooner rather than later, and the dollar is therefore losing its attractiveness as a "safe haven"asset. In general, the current news background is positive for risky assets and negative for the dollar, especially given the continuation of the ultra-soft policy of the Federal reserve system.
The ICE index, which tracks the dollar's performance against six currencies (the euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.15%.
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