Vaccine Developments Caused The Dollar To Fall!

Developments in vaccination studies initiated to prevent coronavirus epidemics have also affected the dollar and euro exchange rate, which are among the major determinants of the global economy. Vaccine developments caused the dollar to fall. The dollar and euro exchange rate, one of the biggest determinants of the global market, had increased in the coronavirus epidemic process. Since the first case was detected, vaccination studies to prevent the outbreak have yielded positive results. Positive vaccine developments caused the dollar to fall. The Bloomberg Dollar Spot Index made the biggest decline in the past week after rising risk appetite with advances in vaccine development. The index, showing the course of the US currency against the currencies of G-10 countries, fell 0.4 percent. The euro has continued its upward momentum against the dollar and has risen to 1.1445, reaching its highest level since March 10. The eyes on the market are being turned into a European Central Bank (ECB) policy meeting to be held on Thursday, while the European Union (EU) summit to be held this week draws attention. As the appetite for risk determined the pace of the move, the yen experienced an increase against the dollar, and the increase gained pace with the Central Bank of Japan, Haruhiko Kuroda's emphasis on the importance of the yield curve control and the fact that the banks of Japan did not have a dollar funding problem. The dollar / yen parity fell 0.3 percent to 106.94. Meanwhile, the Euro / Dollar parity fell 0.2 percent to 1.1428.