The US session trading showed the US dollar began to recover from the weakness and most major currencies also returned to record with some key issues such as the surge in the Covid-19 infection that added to the pressure on the economic recovery. At the same time the market is waiting for an update in the negotiations of the Covid-19 stimulus package.
Globally, Covid-19 infection peaked at an average of 198,863 positive cases of Covid-19 infection per day for 1 week. At the same time, health officials have warned that the worst situation has not yet arrived.
Market players are focusing on the latest from policy makers on the Covid-19 stimulus package which has been the anticipation of many parties spending $ 1.4 trillion.
The positive developments associated with the COVID-19 vaccine in recent weeks have prompted investors to look forward to expecting that in the economic year it will show a stable recovery.
The US dollar index strengthened 0.05% against major currencies at the 90.832 exchange rate.
The UK has embarked on a vaccination campaign today which saw the Pfizer Covid-19 vaccine given to the most vulnerable first, namely the elderly and health officials.
Meanwhile, Britain on Tuesday announced that it would continue to drop the Brexit international legal clause after the UK and the European Union (EU) reached an agreement on how to manage the Northern Ireland border.
Pound trading started strong from falling with GBP trading lower 0.27% against the US dollar.
Meanwhile, the euro showed gains with investor focus focused on the European Central Bank (ECB) policy meeting on Thursday which is widely expected to boost policy easing.
