Forex

Dollar Price Melts Amid Rising Hopes For COVID Vaccines

Dollar-Price-Melts-Amid-Rising-Hopes-For-COVID-Vaccines

Tuesday witnessed a meltdown of dollar prices against the perilous currencies after the rise in hopes for COVID-19 vaccines and increased demand for euro and yuan.

The dollar index slipped to 93.029. Interestingly, a week before on Wednesday, it touched a month high of 93.664. Also, it saw a low of 92.695.

On the other hand, the euro motioned a step further up to $1.1867. Until Monday, it had surged in four straight sessions.

Besides, against yen, the dollar traded at 105.73 yen. It had dipped to 105.55 on Monday, which was a two-week low.

Working on sentiments of the public, BioNTech SE and Pfizer Inc stormed into their 3rd level of the clinical trial for Covid-19 vaccine. Meanwhile, AstraZeneca resumed its work as the most advanced development in the domain.

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