Dollar slips as investors await Trump health updates, stimulus aid

05.10.2020 - Petr Mazaylo
Dollar slips as investors await Trump health updates, stimulus aid

The dollar index slid on Monday but was little changed from Friday’s close as investors awaited news on Donald Trump’s health and progress on coronavirus stimulus aid talks in Washington.

On Friday, U.S. President Donald Trump said he tested positive for COVID-19, prompting a safe-haven bid and a stock market sell-off.

The dollar index was down 0.1% to 93.785. Against the yen, the dollar climbed 0.3% to 106.615, recovering from its steep drop on Friday.

Risk currencies strengthened overnight but steadied in European session.

The Aussie rose 0.2% to 0.71735, while the kiwi fell 0.1% to 0.6641. The euro climbed 0.1% to $1.17260. 

The safe-haven Swiss franc rose, boosted by Japanese tech firm NEC announcing it will purchase Swiss financial software company Avaloq Group AG.

The euro slid 0.2% to 1.07620 on the Swiss franc. The pound stood at $1.2917, down 0.2% on the day. 

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