TOKYO, Oct 13 ― The dollar flirted with three-week lows today as investors stuck to hopes that there will be large US fiscal stimulus after the November 3 election to shore up a pandemic-hit economy, supporting riskier currencies. The dollar index stood at 93.036, just above Friday's...
Tuesday, 13 Oct 2020 10:30 AM MYTTOKYO, Oct 13 ― The dollar flirted with three-week lows today as investors stuck to hopes that there will be large US fiscal stimulus after the November 3 election to shore up a pandemic-hit economy, supporting riskier currencies.
While markets are getting sceptical about the chances of having a bipartisan package before the election, a widening lead by Democratic presidential candidate Joe Biden over President Donald Trump is leading investors to expect big stimulus after the election. The yen strengthened to 105.34 per dollar while the Swiss franc traded at 0.9102 to the dollar, near its highest in three weeks.
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