The greenback held it stand against riskier currencies, with pandemic recovery hopes getting a boost as the IMF upgraded its forecast for 2021 global growth, while the markets also awaited on comments from Fed Chair Jerome Powell later today.

The U.S. dollar steadied on Tuesday as rising coronavirus cases and doubts over the speed and size of U.S. stimulus tempered traders’ upbeat mood, while major pairs were trapped in a tight range as markets awaited the Federal Reserve's Wednesday meeting.

The U.S. dollar stabilised on Monday after a recent decline as fresh worries about the coronavirus and the global economy prompted investors to hang on to the safe-haven currency. Traders also are awaiting on the U.S. monetary policy holds later this week.

The dollar was headed for its worst week of the year on Friday, as investors cheered in the Joe Biden administration by buying riskier currencies and refreshed bets that a pandemic recovery could push the greenback lower. The euro gains support after the ECB's announcement.

The dollar on back foot as on Thursday as optimism that a massive U.S. stimulus package under the new Joe Biden administration will bolster growth sapped demand for safe-haven currencies, while the European countries are struggling to contain the pandemic.

The U.S. dollar slips on Wednesday and the euro gains as investors’ mood brightened in the wake of a better-than-expected Eurozone economic data and big spending talk from U.S. Treasury Secretary nominee Janet Yellen. U.S. President inauguration speech is watched for details on the country’s aid package.

The dollar slipped as caution set in before U.S. Treasury Secretary nominee Janet Yellen testifies later, with traders keeping a close eye on the policies of the incoming Joe Biden government. Markets are concerned that Biden's proposals could be watered down by congressional opposition.

The dollar clung to gains on Monday and the Japanese yen edged higher as softening U.S. economic data and rising global coronavirus cases kept investors cautious, while lockdowns and Italian political turmoil held the euro under pressure.

The release of details of $1.9 trillion stimulus announced by the President-elect Joe Biden’s give the greenback rebound from a nearly 3-year low, though the moves faltered on Fed's Chair Jerome Powell comment that the interest rates would not rise any time soon.

The dollar extended its rebound from near three-year lows versus major peers on Thursday, supported by higher U.S. yields, and on report that President-elect Joe Biden is due to announce his economic plans for “trillions” of dollars in pandemic relief on later today.

The dollar suffered losses on Wednesday and Treasury yields retreated from its recent 10-month rebound as traders resumed bets that the dollar can resume sliding over the prospect of fiscal spending under the new administration.

The dollar extended its gains against major peers for fourth day as the prospect of promised “trillions” in extra pandemic-relief spending pushed U.S. yields higher. Bitcoin slid and wiped out about more than $100 billion from the entire cryptocurrency market on 2-day slide.