The dollar hit a one-month low against a basket of currencies as optimism over a pre-election US stimulus package bought riskier currencies. — Reuters pic
The White House and Democrats in the US Congress moved closer to agreement on a new coronavirus relief package as President Donald Trump said he was willing to accept a large aid bill despite opposition from his own Republican Party. The moves in stocks and bonds highlight how importantly new stimulus is viewed for the US and global economies, said Hugh Gimber, global market strategist at J.P. Morgan Asset Management.
The dollar hit a one-month low against a basket of currencies as optimism over a pre-election US stimulus package bought riskier currencies.
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