Some signs of decoupling between the Dollar and overall risk...

Some signs of decoupling between the Dollar and overall risk sentiment, or perhaps just the fact that de Cos has put a cap on the Euro by expressing concern about the single currency’s moves in relation to the Buck, while other safe havens underperform in wake of Moderna’s anti-virus drug delivering a 94.5% efficiency rating vs 90% from the Pfizer-BioNTech vaccine. Moreover, Eur/Usd may be hampered by an EU budget roadblock as Hungary and Poland register reservations and threaten to veto the 2020-27 fiscal plan, albeit holding ‘comfortably’ above 1.1800 for now. Nevertheless, the index has reclaimed 92.500+ status within a 92.463-847 range as the Yen struggles to maintain advances beyond 104.50 and Franc lags sub-0.9100 following a marked rise in Swiss sight deposits at domestic banks. Back to the Greenback, no material response to a weaker than forecast headline NY manufacturing print, but a statement from President-elect Biden and his VP pick scheduled from 18.45GMT may well warrant some attention along with Fed comments via Daly and Clarida.