- Analytics
- News and Tools
- Market News
- European session review: USD weakens amid renewed optimism on U.S. stimulus talks and COVID-19 vaccine progress
European session review: USD weakens amid renewed optimism on U.S. stimulus talks and COVID-19 vaccine progress
USD fell against its major rivals in the European session on Wednesday as anticipations of a rollout of effective COVID-19 vaccines and progress in fiscal stimulus talks between Democrats and Republicans boosted investors' risk appetite.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, edged down 0.1% to 90.89.
The U.S. Food and Drug Administration is to meet on Thursday to discuss an emergency use authorization of the Pfizer/BioNTech's coronavirus vaccine. On 17 December, the FDA will also consider the emergency use approval of the vaccine, designed by Moderna. The vaccine rollout is expected in the days that follow the approvals.
Late Tuesday, U.S. Treasury Secretary Steven Mnuchin offered a new $916 bln stimulus bill to Democrats, which, however, doesn't include supplementary jobless benefits. The House Speaker Nancy Pelosi said any bill must include unemployment benefit payments to get Democratic support. Anyway, a surprise coronavirus relief proposal marked progress in stimulus talks between the Republican and Democratic leaders, rising hopes that the agreement could be reached before the end of the week.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
