• Asian session review: the dollar stabilized against the euro and yen

Notícias do Mercado

22 julho 2020

Asian session review: the dollar stabilized against the euro and yen

During today's Asian trading, the US dollar was trading steadily against the euro and the yen after a significant decline the day before.

The ICE Dollar index, which shows the value of the dollar against six major world currencies, rose 0.04% from the previous day.

Expectations of new fiscal stimulus in the US due to the coronavirus pandemic have helped improve risk appetite and weakened demand for the dollar.

Meanwhile, Republicans and Democrats disagree about the scope of the new financial support package. House speaker Nancy Pelosi told reporters that the $1 trillion package of measures being considered by Republicans is insufficient.

Investors also reduced their investments in the dollar after the news about the agreement of the European Union's anti-crisis plan.

EU leaders have reached an agreement on a recovery plan for the economy affected by the coronavirus pandemic and the EU budget for 2021-2027 after four days of talks, European Council President Charles Michel announced yesterday.

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