dollar dropped to a two-and-a-half year low as the prospect of vaccine roll-outs added to headwinds for the world’s reserve currency.The Bloomberg Dollar Spot Index fell as much as 0.2% to an April 2018 low after US officials said vaccinations may start in less than three weeks.
The pound and the Norwegian krone led gains against the greenback Monday, while the yield on 10-year US Treasuries rose three basis points to 0.86%.“The vaccine news is favoring the view of a sooner-rather-than-later global economic recovery with the USD losing its safe-haven appeal along the way," said Rodrigo Catril, a currency strategist at National Australia Bank Ltd.