The US dollar continued to weaken around its 2-and-a-half-year low as investors turned their attention to risky currencies, supported by the positive development of the Covid-19 vaccine and confidence in rising US stimulus packages.
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held talks on coronavirus assistance by phone call on Monday night.
Pelosi reiterated Democrats' concerns about the provision of liabilities in the Covid-19 stimulus bill and told Mnuchin that unresolved problems could be easily resolved.
Against most major currencies, the greenback traded slightly lower at 90.58.
Meanwhile, the pound sterling traded stable after declining in a previous session after UK Health Secretary Matt Hancock announced stricter coronavirus restrictions in London from Wednesday following a sharp rise in infection cases.
Hancock also said that new variants of the virus have been identified and the health system is now under pressure.
Investors ’hopes that a Brexit trade deal could be reached help support the pound currency from falling lower.
The United States has started a vaccination campaign, but the actual dose available is not as shown.
Moreover, the euro remained strong around the 2 and a half year high supported by the weak USD.
