Dollar falls amid anticipation of Biden's first decisions

The US dollar fell against most of its counterparts on Thursday, despite the release of upbeat economic data, amid anticipation of Joe Biden's first decisions as US President..

Biden was sworn into office on Wednesday to become the US President for the next 4 years.

Biden unveiled a $2 trillion coronavirus relief bill to support the US economy from the coronavirus crisis impact.

The initial unemployment claims in the US fell to 900,000 last week, beating forecasts of 935,000.

Biden's US Treasury Secretary nominee Janet Yellen has confirmed that the new administration will not weaken the US dollar against other currencies.

The dollar index fell against a basket of major currencies by 0.3% to 90.1 points as of 19:33 GMT, after hitting a high of 90.4 points and a low of 90.05 points.