Market sentiment ahead of the weekend trade was seen to be slightly passive following some unpleasant news about the Covid-19 vaccine and the US stimulus package.
Most recently, Pfizer Inc reportedly reduced its Covid-19 vaccine launch target following supply chain hurdles.
Initially, the firm hopes to release 100 million vaccines worldwide by the end of this year. However, that number was reduced to 50 million, the Wall Street Journal reported.
Subsequently, the Aussie dollar traded slightly lower from its highest level since August 2018, even with the reading of retail sales data rising higher than expected in October.
The New Zealand dollar also recorded a decline after reaching its latest high of 0.71000 against the USD during the previous session.
Meanwhile, market expectations for stimulus assistance packages began to fade after Senate Majority Leader Mitch McConnell rejected a $ 908 billion proposal by Democrats and Republicans (bipartisan).
However, the market still hopes the agreement to launch a coronavirus stimulus measure can be reached immediately.
Against a basket of major currencies, the dollar index rose slightly but remained weak around the 2-year low of 90.70.
The issuance of US NFP employment data tonight will be the main focus of the market where it is expected to be slightly weaker than previously recorded readings.
The Canadian dollar traded stronger ahead of the release of Canadian employment data tonight, following rising world oil prices following OPEC results.
