EUR/USD has advanced toward 1.1850, reaching the highest since mid-September. US lawmakers have reportedly narrowed the gap in stimulus talks. The safe-haven dollar is on the back foot and investors are shrugging off concerns about new European COVID-19 cases.
USD/JPY extends Monday’s recovery moves above 105.50, benefiting from gains in the S&P 500 futures and Treasury yields. The further upside, however, appears elusive amid a cautious tone on the Asian stocks heading into Tuesday's US fiscal stimulus deadline.
GBP/USD has recaptured the 1.2950 level after a call between Brexit negotiators was labeled as constructive. PM Johnson is set to put the Greater Manchester area under lockdown and US fiscal stimulus talks are eyed.