NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

FOREX-Dollar in doldrums as progress on U.S. stimulus, Brexit deals dent safety bid

Published 17/12/2020, 11:52 am
© Reuters.
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
NZD/USD
-
DX
-
BTC/USD
-

* Pound buoyed as EU chief says agreement closer

* Bitcoin rises to all-time high above $21,000

* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E

By Kevin Buckland

TOKYO, Dec 17 (Reuters) - The dollar languished near fresh 2-1/2-year lows against its major rivals on Thursday as progress toward agreeing a U.S. stimulus package and a Brexit deal boosted risk appetite at the expense of the safest assets.

Congressional negotiators were "closing in on" a $900 billion COVID-19 aid bill, lawmakers and aides said on Wednesday, with the tone the most positive it's been in months. the Atlantic, the European Union's chief executive said a deal with the UK was nearer, although success wasn't guaranteed. the world gets more optimistic about the outlook for growth in 2021, the dollar has softened," said Michael McCarthy, chief strategist at broker CMC Markets in Sydney.

"Further weakening of the dollar is on the cards."

The euro traded at $1.21945 EUR=EBS early in the Asian day, after reaching $1.22120 on Wednesday, the strongest since April 2018.

The pound bought $1.3500 GBP= having risen to $1.3553 the previous session for the first time since May 2018.

The Federal Reserve on Wednesday vowed to keep funnelling cash into financial markets until the U.S. economic recovery is secure, a promise of long-term help that fell short of some investors' hopes of an immediate move to shore up a recent pandemic-related slide. dollar index =USD jerked higher after the Fed's announcement, but then sank back towards the day's low of 90.126, a level not seen since April 2018.

The greenback was little changed at 103.475 yen JPY=EBS , another safe haven currency.

The Australian dollar was also largely steady at 75.807 U.S. cents AUD= , while its New Zealand peer slipped 0.1% to 71.05 U.S. cents NZD= .

Bitcoin traded at $21,342 after smashing through the $20,000 barrier for the first time overnight, and extending as high as $21,420 on Thursday. is still on its latest tear," Ray Attrill, head of foreign exchange strategy at National Australia Bank in Sydney, wrote in a client note.

"I still don't want one for Christmas."

========================================================

Currency bid prices at 9:36AM (036 GMT) Description

RIC

Last

U.S. Close Pct Change

YTD Pct

High Bid

Low Bid

Previous

Change

Session

Euro/Dollar

EUR=EBS

$1.2194

$1.2202

-0.05%

+8.78%

+1.2202

+1.2192 Dollar/Yen

JPY=D3

103.5170

103.4350

+0.09%

-4.69%

+103.5470 +103.4700 Euro/Yen

EURJPY=

126.24

126.19

+0.04%

+3.52%

+126.3000 +126.1500 Dollar/Swiss

CHF=EBS

0.8855

0.8849

+0.07%

-8.49%

+0.8857

+0.8855 Sterling/Dollar GBP=D3

1.3493

1.3511

-0.08%

+1.79%

+1.3507

+1.3499 Dollar/Canadian CAD=D3

1.2743

1.2738

+0.09%

-1.86%

+1.2749

+1.2739 Aussie/Dollar

AUD=D3

0.7577

0.7579

+0.00%

+8.01%

+0.7586

+0.7568 NZ

NZD=D3

0.7106

0.7114

-0.11%

+5.60%

+0.7112

+0.7104 Dollar/Dollar

All spots FX= Tokyo spots AFX= Europe spots EFX= Volatilities FXVOL= Tokyo Forex market info from BOJ TKYFX

(Editing by Shri Navaratnam)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.