Dollar index declines amid rising risk appetite in financial markets

Dollar index declines amid rising risk appetite in financial markets

Dollar index declines amid rising risk appetite in financial markets

During today's Asian trading, the dollar index is dropping amid rising risk appetite in financial markets due to a slight increase in traders' optimism about the prospects for a new stimulus package in the US.

House of Representatives Speaker Nancy Pelosi and US Treasury Secretary Stephen Mnuchin resumed talks last Friday on the next program to support the economy amid the crisis caused by the coronavirus pandemic.

“They agreed to continue negotiations in the coming days,” Pelosi's spokesman Drew Hamill said.

Pelosi later said that she considered it possible for Congress to adopt a new program of measures to support the economy, despite the fact that previous negotiations between Democrats and Republicans were at an impasse.

The ICE Index, which tracks the dynamics of the US dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), lost 0.14% during trading today. The broader WSJ Dollar Index fell 0.1%.

As of 9:18 Moscow time, the euro was worth $ 1.1630 compared to $ 1.1631 at the close of the market on Friday. The value of the dollar in tandem with the Japanese national currency fell at the same time to 105.31 yen against 105.58 yen at the end of previous trading.

By 9:18 Moscow time, the dollar lost 0.25% against the pound sterling and 0.31% against the Australian dollar.

For the euro by 9:18 Moscow time they gave 122.49 yens compared to 122.88 yens at the close of previous trading.

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