Dollar edges up amid focus on US Treasury's decision

2020-11-20 21:26:43 GMT (Economies.com)
Dollar edges up amid focus on US Treasury's decision

The US dollar turned higher against most of its peers on Friday, shining as a safe haven amid broad anticipation of the US Treasury Secretary's decision about the stimulus programs.

 

The US Treasury Secretary Steven Mnuchin said that his team is looking to end several support programs that were aimed at small and medium businesses.

 

Leaders of the Republican and Democratic parties resumed negotiations about the second Covid fiscal stimulus package.

 

The number of Covid-19 infections jumped in the US at a record pace, as data from Johns Hopkins University revealed that the average daily number of infections reached 165,000 recently.

 

Subsequently, the markets are awaiting the license for the launch of the Covid-19 vaccines that were announced by Pfizer, BioNtech, and Moderna.

 

The dollar index rose against a basket of major currencies by 0.1% to 92.4 points as of 19:56 GMT, after hitting a high of 92.4 points and a low of 92.2 points.

 
 
 
  Symbol Last Change Chg.%
1.1923
0.0029
0.2463%
1.3319
-0.0064
0.4752%
Tadawul
8693.47
65.41
0.76%
23.256
-0.789
3.281%
45.325
2.500
5.838%
48.14
0.30
0.63%
1807.940
-58.570
3.138%
 
 
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