Asian session review: the dollar declined against major currencies

During today's Asian trading, the US dollar declined against major currencies amid growing risk appetite due to news about the COVID-19 coronavirus vaccine and hopes for new measures to support the us economy.

The Food and drug administration (FDA) has approved the emergency use of Pfizer and BioNTech's COVID-19 coronavirus vaccine in the United States. A mass vaccination campaign against COVID-19 is expected to start in the United States on Monday.

Meanwhile, a group of congressmen from the Democratic and Republican parties plans to divide the package of new measures to support the US economy into two separate proposals, CNN reports. The first part of the $748 billion package includes, in particular, support for small businesses and the unemployed, while the second part, worth $160 billion, includes assistance to local authorities and protection of companies from claims related to the pandemic. The first part of the package is expected to receive broad support from members of the US Congress.

This week, investors are waiting for the results of the meeting of the US Fed.

The pound rose against the dollar. British Prime Minister Boris Johnson on Sunday said that London is committed to continuing negotiations with the EU on relations after Brexit, but is not sure that they will produce a result.

The ICE index, which tracks the dollar's performance against six currencies (the euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona), fell 0.37%.