BREAKING - Dollar Down Over Rising COVID-19 Numbers and Biden Power Transfer Concerns

The dollar was down on Tuesday morning in Asia, despite optimism over the latest positive news on the COVID-19 vaccine front. This is as more U.S. states introduce restrictive measures to curb the virus and as worries about a smooth transfer of presidential power in the U.S. in January mount up.

The U.S. Dollar Index Futures that tracks the greenback against a basket of other currencies inched down 0.04% to 92.502 by 10:13 p.m. (ET).

The USD/JPY pair inched down 0.03% to 104.53.

The AUD/USD pair inched up 0.03% to 0.7320. The AUD held onto its overnight gains against the dollar after the Reserve Bank of Australia (RBA) released the minutes from its latest policy meeting. The minutes indicated that the RBA was ready to provide even more policy stimulus if necessary, in the wake of cutting interest rates to record lows during the meeting.

The NZD/USD pair inched up 0.04% to 0.6905. The NZD was at its strongest in more than a year with investors easing bets for additional monetary easing.

The USD/CNY pair edged down 0.20% to 6.5697. The onshore yuan will be under scrutiny as investors see whether it will reach a record 28-month high.

The GBP/USD pair edged up 0.19% to 1.3216. The pound saw gains over reports that the U.K. and the European Union could reach a Brexit divorce agreement by the beginning of the following week.

For more information please refer to the original article: https://www.investing.com/news...