The US dollar continued to be under pressure as optimism for the vaccine lifted the pound to nearly three-year highs, while rising oil prices and strong hopes for a global recovery supported the commodity.
The US Treasury 10 jump to 1.2501% does not seem to be able to support the US dollar against its major rivals, except for the Japanese yen.
The Asian currency, the Aussie dollar rose to a one-month high even though the minutes of the Reserve Bank of Australia (RBA) meeting issued at the beginning of the Asian session showed the central bank needed continued monetary stimulus.
Market sentiment also supported the kiwi dollar and was not impressed with the news of the Covid-19 case being detected in Auckland over the weekend was from a new UK variant that spread faster, leading to a three-day lockdown.
The loonie dollar climbed to a one-month high, supported by a consolidation of world crude oil prices at a 13-month high.
For the European currency, the pound maintained its strengthening momentum by trading above the price level of 1.39000 against the US dollar and recorded its latest high of almost three years at the beginning of the Asian session.
Sterling has gained 2.5% in less than 2 weeks following the launch of the aggressive Covid-19 vaccine program that has raised expectations for a faster economic recovery than other European countries.
In addition, the euro traded stable, while the Japanese yen depreciated against most major currencies as demand for safe-haven currencies continued to decline following positive market sentiment.
