Dollar Weakens as Yellen Boosts – Forex Signals ; The dollar weakened in early European trade Wednesday, with risk sentiment on the rise after comments Janet Yellen, Joe Biden’s nominee.

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USD/JPY was down 0.1% at 103.75, ahead of the Bank of Japan’s latest rate-setting meeting on Thursday.

Yellen appeared Tuesday in front of the Senate Finance Committee as part of her confirmation hearing, and the former Federal Reserve head urged Congress to “act big” on Covid-19 relief. Dollar Weakens Further

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She defended the need for President-elect Joe Biden’s proposed $1.9 trillion relief package to revive a flagging economy and protect itself against long-term scarring from the impact of the coronavirus pandemic.

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Attention now turns to Joe Biden’s inauguration as U.S. President in Washington, at 12 PM ET (1700 GMT), amid a strong security presence given concerns about possible civil unrest. Forex – Dollar Weakens as Risk

Dollar Weakens on Vaccine

Pound to Canadian Dollar

“The focus of Thursday’s ECB meeting will be on [President Christine] Lagarde’s comments on the future of bond purchases and the difference of opinion between hawks and doves,” said Nordea analyst Jan von Gerich.

Dollar Weakens as Yellen Boosts Forex Signals – Dollar Weakens Ahead of Sterling

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Dollar Weakens as Yellen Boosts

Dollar Weakens as Yellen Boosts