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Stock impact report

FOREX-Dollar off 2-year low as investors await U.S. stimulus talks [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Dollar off two-year low as investors await U.S. stimulus talks TOKYO (Reuters) - The dollar held overnight gains on Tuesday following seven weeks of an almost relentless fall as investors clung to hopes of a bi-partisan stimulus deal in Washington and U.S. bond yields rebounded from multi-month lows. The dollar index jumped back to 93.597 USD= from Friday's two-year low of 92.495. Having fallen for seven straight weeks, the currency was due for a short-term corrective bounce, traders said. The euro changed hands at $1.1741 EUR= having eased 0.5% in previous trade. The dollar stood little changed at 105.96 yen JPY= “The dollar’s decline appears to have come to a halt for now. Although talks on fiscal spending are locked in a stalemate, we are at least avoiding a complete cutoff of extra jobless benefit,” said Minori Uchida, chief currency analyst at MUFG Bank. U.S. President Donald Trump on Saturday signed executive orders restoring part of enhanced unemployment payments and suspendin Show less Read more
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