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Global Forex Market THE dollar extended its broad-based decline during the week in review, down 0.71% to 89.68 – hitting a fresh 32-month low with the low-volume market trading with a slight dose of risk-on sentiment. The upbeat sentiment was propelled following: President Trump’s signing into law a US$2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a federal government shutdown; and ongoing optimism over vaccine rollouts. Towards the end of the week, some near-term optimism dimmed in the US market after Senate Majority Leader Mitch McConnell blocked a quick vote to back Trump’s call to increase Covid-19 relief cheques to US$2,000 from US$600 that was already signed into law.

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