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Reading: US dollar inches down as Trump signs coronavirus relief package
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Dailynewsegypt > Blog > Business > US dollar inches down as Trump signs coronavirus relief package
BusinessWorld

US dollar inches down as Trump signs coronavirus relief package

Xinhua
Last updated: 2020/12/28 at 11:27 PM
By Xinhua 1 Min Read
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The US dollar fell modestly in late trading on Monday as market participants followed updates on a US coronavirus aid package. The dollar index, which measures the greenback against six major peers, was down 0.01 percent at 90.3400.
The US dollar fell modestly in late trading on Monday as market participants followed updates on a US coronavirus aid package. The dollar index, which measures the greenback against six major peers, was down 0.01 percent at 90.3400.
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The US dollar fell modestly in late trading on Monday as market participants followed updates on a US coronavirus aid package.

The dollar index, which measures the greenback against six major peers, was down 0.01 percent at 90.3400.

In late New York trading, the euro increased to $1.2206 from $1.2179 in the previous session, and the British pound decreased to $1.3444 from $1.3548 in the previous session. The Australian dollar decreased to $0.7576 from $0.7599.
The US dollar bought 103.83 Japanese yen, higher than 103.57 Japanese yen of the previous session. The US dollar was down to 0.8896 Swiss franc from 0.8903 Swiss franc, and it fell to 1.2842 Canadian dollars from 1.2869 Canadian dollars.

US President Donald Trump on Sunday night signed the government spending and COVID-19 relief package into law, averting a government shutdown and delivering aid to individuals and businesses as the pandemic worsens.

Trump signed off the $2.3-trillion spending package days after he asked Congress to remove wasteful items in the bill and boost the amount of stimulus checks to $2,000 for individuals, up from $600. The president had threatened not to sign the bill if changes were not made.

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TAGGED: currencies, currency markets, US dollar
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Previous Article Photo taken in Arlington, Virginia, the United States, on Aug. 26, 2020 shows screens displaying U.S. Vice President Mike Pence (R) being joined onstage by U.S. President Donald Trump after delivering his speech during the 2020 Republican National Convention from Fort McHenry in Baltimore, Maryland. (Xinhua/Liu Jie) Republicans sue Vice President Pence in bid to overturn US election results
Next Article Crude oil prices slipped on Monday as traders grew concerned over the demand outlook as the coronavirus infections continued to surge in some major economies. Crude oil prices drop as demand fears persist
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Connect with family and friends this Ramadan: How to manage the festivities with WhatsApp
Connect with family and friends this Ramadan: How to manage the festivities with WhatsApp
Business Technology
Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Strong representation of women in TV series of Ramadan 2023
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IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
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