Ending trading for 2020, the US dollar continued to extend its decline with positive market sentiment seeing the Euro, Aussie and New Zealand dollars continue to soar to the latest 2-year high since April 2018.
Investors have placed their hopes on a US economic stimulus package after it was signed by President Donald Trump earlier this week.
Adding to investor confidence for economic recovery after the Covid-19 vaccine is distributed while the latest developments continue to be monitored.
US economic growth is also expected to be slightly behind its competitors, but investors are confident that 2021 will be better for the US.
Economic data on Wednesday also showed the trade deficit rose to a record $ 84.8 billion in November from $ 80.3 billion.
The US dollar has fallen 0.39% against other major currencies to 89.65 at an index reading after initially falling to 89.56, the lowest since April 2018.
Investors remain optimistic about the US aid package even with a report by senate-majority leader Mitch McConnel on Tuesday voting against $ 600 aid to citizens raised to $ 2,000.
Prospective President Joe Biden is expected to intensify US economic stimulus measures after he takes office next month.
The rise in major currencies, the Pound Sterling, also showed an increase to its latest high level this year after lawmakers reported approving UK Prime Minister Boris Johnson's negotiations with the European Union (EU).
