European session trading started positively with most major currencies returning to record after a gloomy trade in the previous Asian session.
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.
These positive developments have prompted risk-sensitive currencies, the Aussie dollar and the New Zealand dollar to resume trading at the opening of the European session.
In addition, investors are also looking for signs of progress on the US coronavirus stimulus package.
The U.S. Congress is expected to approve a bill this week, which will give policy makers more time to approve a broader stimulus program and a comprehensive bill to avoid a government shutdown.
Meanwhile, the euro also showed gains with investor focus focused on the European Central Bank (ECB) policy meeting on Thursday which is widely expected to boost policy easing.
Pound trading traded flat following investors taking precautionary measures due to hovering uncertainty over Brexit trade negotiations.
Market attention is now focused on the meeting between UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen which is expected to save the Brexit deal.
