US dollar steadies as trading buffeted by U.S. stimulus

The U.S. dollar steadied against most major currencies on Thursday as U.S. stimulus talks remained the focus for markets with trading buffeted over recent days by the extent of progress made on the potential size of the aid package. The dollar index was nearly flat against a basket of currencies at 92.801, having marked its lowest level since Sept. 2 overnight. On Wednesday, the dollar weakened after U.S. President Donald Trump and House Speaker Nancy Pelosi boosted hopes an agreement on stimulus was close, sparking demand for riskier assets. ”For a while, the pattern has been that when stimulus talks stalled, … (full story)

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