• Asian session review: USD weakens on renewed hopes of another fiscal relief bill in U.S.

Market news

25 September 2020

Asian session review: USD weakens on renewed hopes of another fiscal relief bill in U.S.

TimeCountryEventPeriodPrevious valueForecastActual
06:00United KingdomPSNB, blnAugust-15.4-35.1-35.9
06:45FranceConsumer confidence September94  

USD fell against other major currencies in the Asian session on Friday as the prospects of another economic package eased investors’ concerns that the recovery of the U.S. economy is slowing, which are vindicated by incoming data, as well as election-related risks. 

The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, dropped 0.16% to 94.20.

Media reported on Thursday that House Democrats were preparing a new, smaller coronavirus relief package expected to cost about $2.4 trillion in an effort to break stalled talks with the Trump administration. The House could vote on the package as soon as next week, but it's unlikely to get the support of Republicans.

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