Dollar finds steady ground as U.S. stimulus deadline draws near

The U.S. Dollar held its ground against most major currencies on Thursday as markets awaited a U.S. stimulus decision.

The Dollar Index, which pits the Greenback against a basket of currencies remained mostly unchanged at 92.801 after reaching its lowest level since September 2.

The Dollar saw losses after U.S. President Donald Trump and House Speaker Nancy Pelosi on Wednesday propped up hopes that they were closing in on a stimulus agreement.

However, optimism faded as doubts faded that the Republican-controlled Senate would reach a decision before the November 3 presidential election.

Nancy Pelosi said before starting talks with Treasury Secretary Steven Mnuchin that there was still a chance for a deal despite resistance from Senate Republicans, though she acknowledged it might not pass until after the election.

The British Pound Sterling steadied against the Dollar at $1.3134 in Asian trade, while the Euro slipped by 0.11% to $1.8465.

The Japanese Yen was little changed at ¥104.68 against the Dollar, after it hit a four-week high overnight.

Down Under, the Australian Dollar last traded at $0.7105, while the New Zealand Dollar lost 0.32% to $0.6634.