Sun, 29 Nov 2020

U.S. dollar dips with stimulus talks in focus

Xinhua
20 Oct 2020, 06:18 GMT+10

NEW YORK, Oct. 19 (Xinhua) -- The U.S. dollar slipped in late trading on Monday as traders monitored updates on a coronavirus stimulus deal.

The dollar index, which measures the greenback against six major peers, decreased 0.26 percent at 93.4416.

In late New York trading, the euro was up to 1.1766 dollars from 1.1717 dollars in the previous session, and the British pound increased to 1.2947 dollars from 1.2931 U.S. dollars in the previous session. The Australian dollar fell to 0.7062 dollar from 0.7086 dollar.

The U.S. dollar bought 105.44 Japanese yen, higher than 105.39 Japanese yen of the previous session. The U.S. dollar decreased to 0.9100 Swiss franc from 0.9150 Swiss franc, and it rose to 1.3181 Canadian dollars from 1.3180 Canadian dollars.

U.S. House Speaker Nancy Pelosi said on Sunday that the White House and congressional lawmakers must reach an agreement in 48 hours if they want to pass a new COVID-19 relief package before the presidential election in November.

Pelosi and Treasury Secretary Steven Mnuchin have been negotiating a new COVID-19 relief package for months. They were slated to talk again Monday afternoon.

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