London — Global stocks and bond yields rose on Wednesday as Washington moved closer to agreeing on a coronavirus stimulus package, pinning the dollar at its lowest for a month.
With just two weeks until the US presidential election, Trump signalled a willingness to go along with more than $2.2-trillion in new Covid-19 relief, a figure Democrats have been pushing for months. “Everyone knows that more stimulus needs to come through,” he said, cautioning that any package may struggle to pass the Republican-controlled Senate. “But markets are perhaps not always right to be bouncing on speculation.”
The greenback was last down 0.2% at 92.849, with the doubts over whether any package can pass the Republican-controlled Senate kept the dollar from breaching last month's two-month lows.
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