Dollar Dips As Trump Leaves Hospital – 5 October, 2020

The dollar softened against major currencies with a boost on optimism that U.S. lawmakers will agree to a second stimulus to help ease the economic impact caused by the coronavirus. The early discharge of COVID-19 positive U.S. President Donald Trump from the hospital boosted risk sentiment. After gaining 0.58%, the euro last stood at $1.1792. Sterling was last changing hands at $1.2990, while the dollar was slightly higher against the safe-haven yen, floating just below a three week high at 105.66 yen. Against a basket of six major currencies, the dollar fell to 93.381, its lowest in two weeks. The Australian dollar was 0.3% higher at $0.7205, and the offshore yuan was firm at 6.7281 per dollar.