Sun, 29 Nov 2020

NEW YORK, Oct. 21 (Xinhua) -- The U.S. dollar slipped in late trading on Wednesday as market participants focused on additional coronavirus stimulus.

The dollar index, which measures the greenback against six major peers, decreased 0.49 percent at 92.6082.

In late New York trading, the euro rose to 1.1860 U.S. dollars from 1.1827 dollars in the previous session, and the British pound rose to 1.3157 dollars from 1.2942 U.S. dollars in the previous session. The Australian dollar increased to 0.7126 U.S. dollar from 0.7064 dollar.

The U.S. dollar bought 104.53 Japanese yen, lower than 105.44 Japanese yen of the previous session. The U.S. dollar fell to 0.9046 Swiss franc from 0.9064 Swiss franc, and it increased to 1.3130 Canadian dollars from 1.3118 Canadian dollars.

"The U.S. dollar eased on a broad basis in reaction to the news," as U.S. House Speaker Nancy Pelosi gave the markets hope of a possible deal still this week and thus ahead of the U.S. presidential election, following talks with Treasury Secretary Steven Mnuchin, Thu Lan Nguyen, analyst at Commerzbank Research, said in a note Wednesday.

"The fact that this is general USD weakness rather than risk-on is illustrated by the U.S. dollar depreciating significantly even against the yen," Nguyen added.

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