Wed, 25 Nov 2020

U.S. dollar dips as traders monitor stimulus

24 Oct 2020, 05:51 GMT+10

NEW YORK, Oct. 23 (Xinhua) -- The U.S. dollar weakened in late trading on Friday as market participants continued to monitor developments regarding additional U.S. coronavirus stimulus.

The dollar index, which measures the greenback against six major peers, was down 0.19 percent at 92.7741.

In late New York trading, the euro rose to 1.1857 U.S. dollars from 1.1817 dollars in the previous session, and the British pound was down to 1.3034 dollars from 1.3077 U.S. dollars in the previous session. The Australian dollar was up to 0.7134 U.S. dollar from 0.7112 dollar.

The U.S. dollar bought 104.73 Japanese yen, lower than 104.87 Japanese yen of the previous session. The U.S. dollar was down to 0.9044 Swiss franc from 0.9072 Swiss franc, and it was up to 1.3144 Canadian dollars from 1.3142 Canadian dollars.

Traders awaited further clues on a new U.S. COVID-19 relief package.

U.S. President Donald Trump and former Vice President Joe Biden on Thursday night blamed each other's party for failing to reach a COVID-19 relief deal, as the two faced off in the final presidential debate before Election Day.

"If a deal has any chance of getting passed before the election, it will likely need to get done by week's end so it can get voted on by the Senate," said Kevin Matras, analyst at Zacks Investment Research.

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