SYDNEY (Reuters) - The U.S. dollar eased on Monday as the prospect of an early rollout of coronavirus vaccines offset concerns about economic restrictions to control the spread of the virus, favouring risk assets for the moment.
A holiday in Japan kept most majors contained, though the New Zealand dollar stormed to a two-year top of $0.6962 as super-strong retail sales data quashed the risk of further policy easing and left yields attractively high.
The euro edged up to $1.1872, having repeatedly failed to break above $1.1893 resistance last week. It needs to clear the November top of $1.1919 to extend its uptrend.
The dollar has also been drifting slowly lower on the Japanese yen and last stood at 103.74, just above chart support at 103.62.
A break there would see a re-test of the November trough of 103.16, which was the lowest since the market turmoil of March.
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