Dollar firms against low-yielders, risk currencies fall

02.03.2021 - Petr Mazaylo
Dollar firms against low-yielders, risk currencies fall

The dollar firmed against its low-yielding peers on Tuesday on bets for a quicker pandemic recovery, while the Aussie looked to RBA for guidance.

The dollar index traded at 91.014 after hitting a three-week high of 91.139 overnight. The euro dropped to $1.2049. The common currency fell under pressure as ECB officials warned against rising bond yields.

The dollar climbed t0 106.89 against the yen on Monday, its highest since August. It last stood at 106.84 yen.

The U.S. pandemic recovery is also seen to have strengthened, boosted by prospects of a $1.9 trillion coronavirus aid package and successful COVID-19 vaccine rollouts.

The safe-haven Swiss franc last traded at 0.9146. Against the euro, it stood at 1.1023, a little below the 1 ½-year low of 1.1098 hit last week.

The Aussie was at $0.7774 following a 0.75% gain on Monday on high-risk appetite. 

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