UK House of Commons Speaker says post Brexit trade deal
UK House of Commons Speaker Lindsay Hoyle told lawmakers that Prime Minister Boris Johnson’s post-Brexit trade deal has been granted royal assent by the Queen, PA Media said in a tweet
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LONDON (Reuters) – The dollar slid to its lowest in more than two years on Wednesday and riskier currencies gained, as investors looked past rising COVID-19 infections and the latest delay in U.S. fiscal stimulus talks to bet on an economic recovery in 2021.
Forex Signals – UK Posts Largest Deficit
Lockdown measures in England will be extended, and U.S. President-elect Joe Biden warned that it could take years for most Americans to be vaccinated against COVID-19 at current rates.
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U.S. Senate Majority Leader Mitch McConnell on Tuesday blocked a vote on increasing COVID-19 relief payments to $2,000, adding another delay to fractious negotiations over fiscal stimulus.
The latest setback “doesn’t really matter too much for investors, as they have been over the moon on the back of news that there is still plenty of fiscal support for the U.S. economy,” Naeem Aslam, chief market analyst, said in a note.
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Analysts expect the dollar to weaken further in 2021 as U.S.
The “risk-on” moves in currency markets saw major currencies reach record levels in the Asian session on Wednesday, ease off as European markets opened, then hit new records as the European session continued.
At 1159 GMT, the dollar was down around 0.3% versus a basket of currencies at 89.737, having dropped as low as 89.681 shortly before 1100 GMT. The euro was up at $1.22715.
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The Australian dollar – seen as a liquid proxy for global risk appetite – was up 0.8% on the day at 0.7664 at 1202 GMT. The New Zealand dollar also hit two-year highs.
The dollar lost out to the Japanese yen, with dollar-yen down 0.4% at 103.13.
UK House of Commons Speaker says post Brexit trade deal
Forex Signals
UK House of Commons Speaker says post Brexit trade deal
UK House of Commons Speaker says post Brexit trade deal
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