“There has been a big improvement in risk sentiment because of hopes for a vaccine,” said Junichi Ishikawa, senior FX strategist at IG Securities, told CNBC.

"Markets are quietly risk-on overnight", said Adam Cole, chief currency strategist at RBC Capital Markets.

"PIF has ample liquidity and has not been engaged with anyone to raise margin loans against its Vision Fund stake"

Trump previously has called on the Fed to push rates into negative territory as a way to limit dollar strength and keep U.S. exports competitive

The other main currency which has gained thanks to this period of risk aversion has been the Japanese yen

The U.S. dollar record rose unobtrusively on Wednesday morning after Central bank Seat Jerome Powell conveyed comments in which he said an "expanded period"

The dollar was up on Wednesday morning in Asia, with investors anticipating a speech by U.S. Federal Reserve Chair Jerome Powell later in the day.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.32% to 99.95.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.32% to 99.95.

Turkey imposed the ban last week after market interventions and new anti-manipulation rules failed to stem a lira rout.

Turkey imposed the ban last week after market interventions and new anti-manipulation rules failed to stem a lira rout.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.04% to 99.725 by 11: 25 PM ET

White House economic adviser Larry Kudlow said on Sunday he would not rule out any element in the next potential coronavirus relief bill,

White House economic adviser Larry Kudlow said on Sunday he would not rule out any element in the next potential coronavirus relief bill,

U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemi

An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point LLC plans to challenge a $600 million

Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout

Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout

The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals.

The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals.

U.S. Treasury Secretary Steven Mnuchin warned on Wednesday that larger companies could face investigation if they apply for small business coronavirus rescue

The U.S. House of Representatives will pass Congress’ latest coronavirus aid bill on Thursday, House Speaker Nancy Pelosi said,

President Donald Trump said he will suspend all immigration into the United States temporarily through an executive order in response to coronavirus outbreak

President Donald Trump said he will suspend all immigration into the United States temporarily through an executive order in response to coronavirus outbreak

A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports