Euro extends gains on US stimulus doubts

2020-08-13 10:03:15 GMT (Economies.com)
Euro extends gains on US stimulus doubts

Euro rose in European trade for the third straight session against dollar amid doubts the US will be able to implement a new Covid relief package soon amid stubborn political divisions. 

 

EUR/USD rose 0.5% to 1.1839, after closing up 0.4% yesterday, the second profit in a row. 

 

The dollar index fell 0.3% on Thursday for another session amid US deadlock on reaching a financial relief package. 

 

US 10-year treasury yields fell off five-month highs at 0.698% as hopes for a Democratic-Republican deal on Covid relief recede. 

 

US President Donald Trump accused Democrats of refusing to negotiate with him on the package to contain the impact of the coronavirus as recriminations continue. 

 
 
 
  Symbol Last Change Chg.%
1.1748
0.0077
0.6593%
1.2887
0.0019
0.1496%
Tadawul
8295.05
-23.00
0.28%
23.827
0.471
2.017%
38.571
-1.719
4.267%
40.75
-1.55
3.66%
1906.045
33.350
1.781%
 
 
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