- European session review: USD recovers as optimism about new U.S. stimulus package wanes
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European session review: USD recovers as optimism about new U.S. stimulus package wanes
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:00 | United Kingdom | PSNB, bln | August | -15.4 | -35.1 | -35.9 |
| 06:45 | France | Consumer confidence | September | 94 | ||
| 08:00 | Eurozone | Private Loans, Y/Y | August | 3% | 3% | |
| 08:00 | Eurozone | M3 money supply, adjusted y/y | August | 10.2% | 10.2% | 9.5% |
USD firmed against most major currencies in the European session on Friday, erasing its earlier losses, as investors cast doubts on whether the U.S. lawmakers would agree on a new relief package next week.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, rose 0.16% to 94.51.
Media reported on Thursday that House Democrats were drafting a new, smaller coronavirus relief package expected to cost about $2.4 trillion in an effort to break stalled fiscal-stimulus talks with the Trump administration. According to the reports, the House could vote on the package as soon as next week, but it's unlikely to get the support of Republicans. Earlier, the U.S. President Donald Trump claimed that he wouldn't go higher than $1.5 trillion.
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