The US dollar treaded water against most major currencies today. — Reuters pic
Yesterday, the dollar weakened to a seven-week low after US President Donald Trump and House Speaker Nancy Pelosi boosted hopes an agreement on stimulus was close, sparking demand for riskier assets. Separately, Federal Reserve Governor Lael Brainard said the biggest risk to her outlook for economic recovery was that fiscal support from the federal government would be withdrawn too soon.
The euro edged 0.16 per cent lower against the dollar to US$1.8420, a fraction below a one-month high of US$1.8805 hit on yesterday. “Dollar/yen trades are especially on wait-and-see ahead of the presidential debate,” said Sumino Kamei, senior analyst at MUFG Bank.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US seeks to sway Brazil on Chinese 5G with US$1b deal | Malay MailBRASÍLIA, Oct 21 — The United States promised Brazil US$1 billion (RM4.15 billion) in financing toward US imports yesterday, adding a carrot to its campaign to convince the country not to use China’s Huawei to develop its 5G network. The deal includes loans, guarantees and insurance to fund...
Source: malaymail - 🏆 1. / 86 Read more »
Bursa Malaysia, regional peers higher on US fiscal stimulus optimism | Malay MailKUALA LUMPUR, Oct 21 — Bursa Malaysia and most of its regional peers were in positive territory during the morning trading on Wednesday, tracking the optimistic performance of the overnight United States’ stock markets ahead of the fiscal stimulus deadline. At 9.02am, the benchmark FTSE Bursa...
Source: malaymail - 🏆 1. / 86 Read more »
US says Google breakup may be needed to end violations of antitrust law | Malay MailWASHINGTON, Oct 20 — The US Justice Department filed an antitrust lawsuit against Alphabet Inc’s Google today, claiming the US$1 trillion (RM4.2 trillion) company uses its market power to fend off rivals and said nothing was off the table, including a breakup of the internet search and...
Source: malaymail - 🏆 1. / 86 Read more »
US prepared to meet immediately with Russia on nuclear arms control, says State Department | Malay MailWASHINGTON, Oct 20 —The United States is prepared to meet immediately with Russia to finalise a nuclear arms control agreement, the State Department said today. “We appreciate the Russian Federation’s willingness to make progress on the issue of nuclear arms control,” spokeswoman Morgan...
Source: malaymail - 🏆 1. / 86 Read more »
Australia will join naval drills involving India, US, Japan | Malay MailNEW DELHI, Oct 20 — Australia will join three-way naval exercises involving the United States, Japan and India, the countries announced yesterday, in a move that could raise concerns in China, which has criticised similar joint drills as destabilising. India, which holds the annual drills called...
Source: malaymail - 🏆 1. / 86 Read more »
US stocks climb at open as stimulus deadline nears | Malay MailNEW YORK, Oct 20 — A looming deadline for Washington policymakers to agree on a long-awaited US stimulus bill today did not deter Wall Street traders from pushing major indices up at the open. Shares dropped sharply yesterday, but about 40 minutes into trading, the benchmark Dow Jones Industrial...
Source: malaymail - 🏆 1. / 86 Read more »