Vaccine Optimism Has Investors Ditching Dollar – 8 December, 2020

A shift by investors towards riskier assets left the dollar on the decline as the coronavirus vaccine shines an optimistic light on beating the virus. The dollar dipped against its major peers, falling to a 2 1/2 year against the yen and 0.4% against the Aussie as Britain begins distributing vaccines and the U.S. edges closer to finalizing a stimulus plan. The dollar fell 0.1% against a basket of currencies to 90.816. It fell 0.2% against the euro to $1.2126, and last traded at 6.4975 against the yuan in offshore trading and 6.5229 in onshore trading. Against the yen, the greenback was little changed at 104.14, and sterling steadied against the dollar, though ongoing Brexit negotiations has kept the currency on edge.