Dollar steady as investors await U.S. stimulus, Brexit talks
The dollar steadied against most peers on Friday, but on course for weekly losses as investors await updates on the U.S. stimulus and post-Brexit trade talks.
The dollar index fell 0.03% in European trade, just above Wednesday’s seven-week low. It was down 0.7% for the week. The euro steadied at 1.1818 on the dollar, while the sterling stood at $1.3084.
The EU and Britain’s chief negotiators were scheduled to meet Friday to talk on a last-minute trade deal.
The safe-haven yen climbed nearly 0.1% to 104.71 on the dollar after House Speaker Nancy Pelosi said that stimulus talks made progress.
The Chinese yuan firmed against the dollar, trading at 6.6884. It has risen 7.5% since the end of May as the Chinese economy recovered amid the pandemic.