Dollar Declines on Stimulus Hope, Sterling Gains – 28 Dec 2020

The dollar stood near a 2 1/2 year low as investors veered away from safe-haven currencies on the possibility of a COVID-19 stimulus package push from U.S. lawmakers. The dollar index was steady at 90.194 just after the Christmas holiday, hovering just above the April 2018 level of 89.723 reached one week earlier. The euro was 0.1% higher to $1.22260, just below a 2 1/2 year high. Against the yen, the dollar last stood at 103.740 yen, and sterling was up 0.1% to $1.3477, just below a May 2018 high of $1.3625 reached earlier in the month.