Covid-19 vaccine developments pushing US dollar lower ...News

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Covid-19 vaccine developments pushing US dollar lower
The US currency continued to weaken on Monday as promising news on coronavirus vaccine rollouts have been weighing on the greenback. Experts say that traders’ appetite for riskier assets is growing. The dollar was trading down 0.1 percent versus a basket of currencies at 92.234, dropping to a two-and-a-half-year low. “Markets are following pandemic news at the moment – vaccine optimism seems to be supporting risk assets for the time being,” chief economist at UBS Global Wealth Management Paul Donovan was quoted as saying in a note to clients. The British drugmaker AstraZeneca said on Monday its vaccine could be around 90 percent effect

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