Currency markets stay 'risk-on' as US$ hits lowest since 2018
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THE dollar slid to its lowest in more than two years on Wednesday and riskier currencies gained, as investors looked past rising Covid-19 infections and the latest delay in US fiscal stimulus talks to bet on an economic recovery in 2021.
Lockdown measures in England will be extended, and US President-elect Joe Biden warned that it could take years for most Americans to be vaccinated against Covid-19 at current rates. US Senate Majority Leader Mitch McConnell on Tuesday blocked a vote on increasing Covid-19 relief payments to US$2,000, adding another delay to fractious negotiations over fiscal stimulus.
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