Dollar slips amid anticipation of US stimulus package

2020-10-16 19:50:46 GMT (Economies.com)
Dollar slips amid anticipation of US stimulus package

The US dollar fell against most of its peers on Friday, amid anticipation of the second fiscal aid package to ease the coronavirus impact on the US economy.

 

President Donald Trump decided last week to stop the second Covid-19 stimulus talks between his administration and Congress leaders until after the presidential election in November.

 

However, the Trump administration proposed to the Congress a $1.8 trillion fiscal stimulus package, and then President Trump informed Treasury Secretary Steven Mnuchin to raise even more.

 

The US retail sales index rose 1.9% in September, beating forecasts of 0.7%, and the first reading of the University of Michigan's consumer confidence survey rose to the highest level since March at 81.2 points.

 

The dollar index fell against a basket of currencies by 0.1% to 93.7 points as of 20:24 GMT, after it hit a high of 93.8 and a low of 93.5.

 
 
 
  Symbol Last Change Chg.%
1.1836
0.0057
0.4848%
1.3027
0.0040
0.3080%
Tadawul
8154.59
-312.66
3.69%
24.322
-0.452
1.823%
39.201
-1.742
4.253%
41.77
-0.87
2.04%
1898.420
-13.595
0.711%
 
 
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