US dollar for the fifth day in a row

The US dollar fell against the major currencies for the fifth session in a row today, to record its lowest level in more than a week, with optimism about the new developments of the coronavirus vaccine announced by both Pfizer and Moderna. The main dollar index, which measures the currency’s performance against 6 major currencies, slipped 0.1% to 92.312, after falling to 92.207 earlier in the session, its lowest level since November 9. And Pfizer announced that the final results from the last phase of the Coronavirus vaccine trial showed that it is 95% effective, in addition to news that Moderna has released preliminary data on its vaccine showing its effectiveness of 94.5%.