The start of trading today saw a resurgence in major currencies against the US dollar after a grim New York session.
The dollar index managed to return above the 90-day price level in the previous session, after 10-year US treasury yields moved up again ahead of the launch of economic stimulus plan by President Joe Biden on Thursday.
A 10-year treasury yield increase above 1% has placed a stronger level for the US dollar to strengthen.
In addition, the increase in US inflation in December which met market expectations also supported greenback dollar trading.
Nevertheless, during the opening of the Asian session, the major currencies once again showed a positive movement amid uncertainty in US politics.
Donald Trump became the first president in U.S. history to be sacked twice, during which most recently, 10 Republican officials joined Democrats in the House of Representatives to oust him on charges of inciting rebellion in the Capitol attack last week.
However, Senator Mitch McConnell's office says they will not begin dismissal proceedings until after January 19 (the official appointment of President Joe Biden, January 20).
The euro traded stable again after declining following the greenback dollar's rise in the previous session, while the pound continued to strengthen after reaching its latest high since May 2018.
