Risk-on sentiment continued to dominate the market by the end of the week which saw major currency trading remain strong against the US dollar king.
Prospects for a growing stimulus deal in the United States and the Federal Reserve (Fed) decision have pushed the US dollar weakening to a 2-and-a-half-year low.
U.S. unemployment claims again recorded an increase last week with an increase of 885,000, worse than expected.
Meanwhile, the pound continued to strengthen after the results of last night's Bank of England (BOE) meeting which met market expectations by keeping interest rates at 0.1% and a bond purchase target of £ 895 billion.
UK Prime Minister Boris Johnson's statement on the possibility of an agreement not being reached unless the European Union (EU) lowered its stance on key issues including the fishing quota slightly shook the pound. However, the market remains confident that an agreement can be reached.
The euro continued to rise higher due to the weakness of the greenback dollar with strong trading at 1.225900 against the USD.
The Aussie dollar and the kiwi continued to capitalize on the positive market sentiment by continuing to trade around the 2-and-a-half-year highs despite a slight decline in the Asian session.
The main focus of the market today is the Japanese central bank policy meeting which is expected to keep interest rates at -0.10% and extend its corporate financing assistance program.
