The greenback dollar continued to trade gloomy in the European session at two-week lows against a basket of major currencies amid positive market sentiment over optimistic vaccine developments.
The dollar index, which measures the strength of the greenback dollar against major currencies, fell lower at 90.32.
The pound continued to rise higher after reaching its latest high level since April 2018 by reaching the price level of 1.39000 against the US dollar.
The UK has finally achieved the government's target of vaccinating its 15 million people from the top ranks. Following that, Prime Minister Boris Johnson is expected to loosen some restrictions by his speech on February 22.
Meanwhile, market sentiment also provided support for commodity currency trading which was also supported by rising world crude oil prices to the highest level since January 2020.
The Aussie dollar welcomes reports of Pfizer vaccines arriving in Australia this week and vaccination efforts will begin by the end of February.
In addition, the Japanese economy recorded 3% growth in the fourth quarter of 2020, beating expectations and placing the world's third largest economy at a better level.
This encouraging reading unfortunately failed to influence the movement of the Japanese yen, instead pushing the US dollar higher against the safe-haven.
US stock markets closed on Monday in conjunction with President's Day, while China and several other Asian countries extended their New Year holidays.
