The greenback dollar continued to trade positively during the European session as concerns about delays in the implementation of the US stimulus package ahead of the Federal Reserve (Fed) policy meeting alerted investors.
The dollar index, which initially declined slightly at the start of the European session, rose again against most major currencies at 90.42, firmly at a one-week high.
The market today is still plagued by concerns over the delay in the implementation of the $ 1.9 trillion stimulus package after US President Joe Biden received opposition from Republican Senators over the weekend.
Subsequently, Biden said he was willing to negotiate the stimulus package, and this caused the market to see it as potentially causing delays in implementation.
The appointment of Janet Yellen as the new Secretary of the Treasury, unfortunately failed to stimulate the rise of major currencies, particularly the risk-sensitive currencies of the Aussie and New Zealand dollars.
The pound, on the other hand, gained some support to trade higher at the opening of the European session.
European session focus data today reported the UK unemployment rate recorded the highest level in almost five years in the three months to November 2020. However, the reading was better than market expectations.
