Dollar falls in quiet trade, on course for weekly loss

Dollar falls in quiet trade, on course for weekly loss

The dollar slips in thin trade on Friday, on course for weekly losses as investors favored risk assets. The improving risk sentiment was the result of upbeat COVID-19 vaccine news and hopes for a smooth Biden transition. 

The dollar index lost 0.12% to 91.92 after dropping to a near three-month low of 91.84 overnight. It has lost 0.52% for the week.

The euro firmed at $1.1923, slipping from a more than two-month high of $1.1941 hit on Thursday. The pound bought $1.3368, clinging near a three-month high hit overnight as traders expect progress on post-Brexit talks.

The European Central Bank’s minutes of the meeting showed that additional stimulus is probable at its December meeting. 

Meanwhile, the efficacy of AstraZeneca’s COVID-19 vaccine is being questioned, which some experts say could block its regulatory approval. 

The Aussie rose 0.25% to $0.7374, while the kiwi bought $0.7018. The dollar fell 0.3% to 103.94 against the Japanese yen. 

Risk disclaimer "TS Software Ltd – Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall Islands is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of TS Software Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or TS Software Ltd." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?