The opening of the market earlier in the week showed continued positive market sentiment with the US dollar continuing to trade after witnessing a surge ahead of last weekend's trading.
Global stock markets soared, while long-term US bond yields reached a one-year high. However, the greenback dollar, which initially benefited from the increase in bond yields, declined again.
Compared to its main competitors, the dollar index traded lower at a 2-week low of 90.35.
The euro is back above 1.21000 against the US dollar after falling on Friday.
The pound sterling trade is seen stronger with price movements now heading towards the price level of 1.39000 against the US dollar in today's Asian session.
On Saturday, UK Prime Minister Boris Johnson said he would announce an immediate easing of sanctions if the government achieves its target of offering vaccines to 15 million people in priority groups.
To date, over 14 million UK citizens have received at least one dose of coronavirus vaccine.
Meanwhile, the World Health Organization (WHO) warns of new coronavirus variants. The slowly growing vaccination campaign with the United States has now vaccinated 4% of its population.
Meanwhile, the Aussie dollar continues to rise with the market welcoming reports of Pfizer vaccines arriving in Australia later this week and the vaccination campaign to begin in late February.
Even with the closure of banks in China and the United States and the absence of catalysts from today’s key data, market movements look better.
