Dollar on backfoot as hopes fade for U.S. stimulus deal

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The dollar nursed losses against most of its peers on Thursday amid fading hopes for a compromise between Republicans and Democrats over additional economic stimulus.

FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking

The greenback was hampered by a decline in Treasury yields, but analysts say this is likely only a temporary setback because U.S. lawmakers will eventually agree to more stimulus to support economic recovery from the coronavirus. “Once this happens, gains in dollar/yen could be a catalyst for dollar gains against other currencies.”The British pound held steady at $1.3034.

The pandemic has taken a particularly heavy toll on the United States, where it has killed more people than any other country. Millions of U.S. workers have lost jobs, and supplemental federal unemployment benefits expired last month.

 

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Back foot what a euphamism for ToiletPaper

Stop talking sbout Bigfoot.

My fellow drunk Pelosi needs to give in if they want a deal to be made.

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