Market sentiment continued to be positive towards weekend trading, showing commodity currencies rising higher amid the weakness of the US dollar.
President Donald Trump told Thursday he would leave the White House if the House of Representatives confirms Joe Biden's victory in the recent election.
His statement has to some extent added extra relief to the market, although Trump has repeatedly claimed fraud in the election.
The greenback dollar traded stable at 91.91 against a basket of major currencies during the opening of the European session.
The Aussie dollar extended its rise to a price level of 0.74000, approaching a 2-month high even after China announced the enforcement of anti-dumping duties on wines imported from Australia.
Positive market sentiment also prompted the kiwi dollar trade to continue to strengthen its position by rising to its highest level since June 2018. Meanwhile, the Canadian dollar continued to strengthen following the strengthening of crude oil prices.
The euro continued to strengthen its momentum amid uncertainty over Europe's ongoing pandemic crisis. The number of cases in Germany has now reached 1 million, followed by some new restrictions being implemented to stop the spread.
Meanwhile, the pound faces new uncertainties in Brexit, where the European Union (EU) and the UK are still far apart in three key issues.
However, news of EU Brexit chief negotiator Michel Barnier coming to London to continue trade talks continues to support the strengthening of the pound today.
