Dollar slides as hopes for U.S. stimulus package boost risk appetite

06.10.2020 - Davydova Maria
Dollar slides as hopes for U.S. stimulus package boost risk appetite

The dollar fell against its peers on Tuesday as growing optimism on a new U.S. stimulus package suppressed demand for safe-havens.

Risk mood in the market was also boosted by news that U.S. President Donald Trump is returning to the White House after being treated for COVID-19.

The dollar index slid to 93.39 after falling 1.2% from a two-month high hit in September.

The euro climbed 0.1% to 1.1792. The pound gained 0.1% to $1.2991, with investors hoping for a Brexit deal to push through.

The dollar was 0.1% weaker at 105.65 on the Japanese yen.

In the U.S. Congress, efforts to reach an agreement on new relief funds was complicated by the spread of COVID-19 among key policymakers including Trump.

The offshore yuan lost 0.2% to 6.7296 after hitting its highest level since April on Monday.

The Aussie fell 0.4% to $0.7150 after the Reserve Bank of Australia kept interest rates at 0.25%.

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