Dollar steady as investors await U.S. stimulus, Brexit talks

23.10.2020 - Korneychuk Evgeniya
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. 

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?