Dollar pinned near major support as vaccine progress weighs


  • Forex
  • Monday, 23 Nov 2020

The dollar has also been drifting slowly lower on the Japanese yen and last stood at 103.80, just above chart support at 103.62.

SYDNEY: The U.S. dollar marked time on Monday as the prospect of an early rollout of coronavirus vaccines was offset by concerns about economic restrictions to control the spread of the virus, leaving safe-haven assets in limbo.

A holiday in Japan also made for sparse liquidity and made investors reluctant to test major chart barriers on a number of dollar pairs.

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US , dollar , Euro , Japan , Yen , Covid-19 , vaccine ,

   

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