Lack of Stimulus Plan Causes Dollar to Dip – 21 October, 2020

The dollar was shaky against major currencies as stimulus aid remains the focus of conversations and the future of the economy. The dollar index was steady at 92.792 against major currencies after falling to a seven-week low overnight. The pound jumped to a six-week high overnight on Brexit negotiations, settling 0.15% lower to $1.3127.  The euro was 0.16% lower against the dollar, just below the one month high hit the previous session at $1.8805. The yen shifted from a four-week high of 104.345, last trading at 104.74 against the dollar, and the Chinese yuan changed hands at 6.6669. The Australian dollar was last trading at $0.7090, and the New Zealand dollar was above Tuesday’s two-week low to settle at 0.6645.