The US dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about coronavirus vaccines prompted investors to seek out riskier assets tied to global commodities and emerging markets, Reuters reports. The dollar index against a basket of six other currencies was near the lowest in more than two months. Against the euro, the dollar stood at US$1.1925, close to its weakest in more than two months. Sterling bought US$1.3387, which is near its strongest level since September 2. The dollar was little changed at 104.33 yen.

Source: The Standard November 26, 2020 01:52 UTC