US Dollar Up, With Investors Adjusting Vaccine Expectations

The dollar was up on Thursday morning in Asia, with investors adjusting earlier bullish expectations for a COVID-19 vaccine. This adjustment tempered the risk assets rally triggered by the vaccine expectations while maintaining enough confidence to support the greenback against other safe-haven assets. The U.S. Dollar Index Futures that tracks the greenback against a basket of other currencies inched up 0.01% to 92.972 by 10:10 PM ET (2:10 AM GMT). Pfizer Inc’s (NYSE:PFE) announcement of positive results for the vaccine candidate that it is co-developing with BioNTech (F:22UAy) earlier in the week saw the dollar fall … (full story)

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