KONTAN.CO.ID - TOKYO. The dollar nursed losses against most currencies in Asian trade on Wednesday, undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of U.S. economic stimulus measures. The euro traded near its strongest level in more than a year after European leaders agreed a stimulus plan to fuel recovery from the economic drag caused by the COVID-19 pandemic. Risk appetite has improved greatly this week as progress in developing vaccines for the novel coronavirus reduced the U.S. dollar's safe-harbour appeal.
Dollar wobbles as traders eye U.S. fiscal stimulus debate
KONTAN.CO.ID - TOKYO. The dollar nursed losses against most currencies in Asian trade on Wednesday, undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of U.S. economic stimulus measures. The euro traded near its strongest level in more than a year after European leaders agreed a stimulus plan to fuel recovery from the economic drag caused by the COVID-19 pandemic. Risk appetite has improved greatly this week as progress in developing vaccines for the novel coronavirus reduced the U.S. dollar's safe-harbour appeal.