The dollar was up on Thursday morning in Asia, reversing its earlier downward trend even as the possibility of U.S. economic stimulus measures and the first approval of a COVID-19 vaccine increased investors’ risk appetites.
The dollar continues to lack friends in early European trade Thursday, with optimism over the rollout of vaccines and talk of new U.S. fiscal stimulus prompting risk-on trades.
Litecoin was trading at $78.522 by 09:07 (14:07 GMT) on the Investing.com Index on Thursday, up 10.10% on the day. It was the largest one-day percentage gain since November 16.
The number of Americans filing initial claims for state jobless benefits last week unexpectedly rose to 742,000, as concerns mounted that soaring COVID-19 cases will further stifle the recovery in the labor market.
U.S. stocks were mixed after the close on Thursday, as gains in the Oil & Gas, Technology and Consumer Services sectors led shares higher while losses in the Utilities, Telecoms and Healthcare sectors led shares lower.