Investors earlier in the week were shocked by the disappointing news of Brexit trade negotiations, causing almost all major currencies to show a gap in the opening price gap.
The US dollar rose against most major currencies as investors rushed for protection from safe-haven assets.
Not only that, but the news of the discovery of a new strain of coronavirus in the UK has pressed the major currencies lower at the opening of today's Asian session.
This is because it has raised new concerns for the world forcing some countries to close their borders from the UK after Prime Minister Boris Johnson announced a four-level Covid-19 blockade in London and parts of England to fight the epidemic.
The pound opened lower following news of the discovery, as well as pressure from Brexit uncertainty that returned to haunt the market after the UK and European Union (EU) reportedly insisted on demanding more concessions from each other.
However, positive news from the United States rebounded against major currencies from falling further after the U.S. Congress reportedly reached an agreement on a $ 900 billion coronavirus stimulus package.
The euro remained above the 1.22000 price level in the Asian session despite a slight decline following the resurgence of the greenback dollar.
The Asian currency, the kiwi dollar and the Aussie dollar each showed declines following concerns over the discovery of a new Covid-19 strain variant in Britain, but tried to keep up with news of US aid packages.
