Dollar shunned as vaccine hopes lift risk appetite

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The dollar nursed losses against major currencies on Tuesday after encouraging results from the trial of a vaccine for COVID-19 improved sentiment in a boost to riskier assets.

FILE PHOTO: A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. REUTERS/Marcos Brindicci/File Photo

“There has been a big improvement in risk sentiment because of hopes for a vaccine,” said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo. The common currency EURCHF=EBS traded at 1.0604 Swiss franc after jumping on Monday to the highest in more than two months. The euro’s sudden rise will face a test later on Tuesday with the release of the closely-watched ZEW survey on German investor sentiment.was little changed at 107.44 yen.

Source: Law Daily Report (lawdailyreport.net)

 

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Hi could you confirm this? COVID19 vaccine

You could have just said people are investing in the stock market again. 🙄

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