The US dollar traded weak again after hitting a close during the weekend trading session, with the yen continuing to strengthen while market focus focused on Federal Reserve (Fed) chairman Jerome Powell's speech tonight.
Current market sentiment continues to be influenced by recent tensions between the United States and China, especially after Washington ordered Google and Apple to remove TikTok and WeChat from their platforms starting September 20.
The rise in Aussie dollar trading in the Asian session was supported by the positive statement of Australian Prime Minister Scott Morrison who hoped the recovery in Victoria would strengthen the job market.
Also supporting the rise in the Aussie dollar when Chinese President Xi Jinping said the Chinese economy remained resilient and that many policy tools were available even with increasing external risks.
The New Zealand dollar traded slightly below its one-and-a-half-year high last Friday, still supported by investor confidence in New Zealand's economic outlook, which is expected to rise following its success in curbing Covid-19 for the second time.
In Europe, meanwhile, the euro remained strong as the European Central Bank (ECB) launched a review of its pandemic bond purchase program to consider how long it should continue and what eases should be extended to previous programs.
The pound traded up again in the Asian session after closing lower last week, still plagued by uncertain Brexit uncertainty despite confidence that a trade agreement could be reached.
