TOKYO (Reuters) - The dollar was hemmed into a narrow range on Monday, as traders weighed the economic impact from a resurgence of global coronavirus cases against prospects for a working vaccine that could help reignite global growth.
Global markets surged last week after on vaccine optimism, with the dollar rising as traders quit their long-yen positions. But the currency market had turned risk averse towards the end of the week as global infections spread.
Against a basket of currencies, the greenback was roughly near where it ended last week, fetching 92.68.
The yen treaded water at 104.71 per dollar, having posted its worst weekly performance since early June last week.
Australian dollar traders awaited upcoming events by the Reserve Bank of Australia, with RBA governor Philip Lowe scheduled to speak later in the day, while the central bank’s November meeting minutes are due on Tuesday.
The Aussie firmed marginally at $0.7288 in early Asian trade, and the kiwi was at $0.6871.
Elsewhere, the British pound steadied against the dollar, changing hands at 1.3209, with the ongoing post-Brexit trade deal talks in focus.
The euro was little changed against the dollar, last sitting at 1.1839.
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