⁍ The dollar was last up 0.41% at 93.797 =USD against a basket of six major currencies.

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⁍ U.S. President Donald Trump said he called off negotiations with Democrats on a new coronavirus relief package.

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⁍ Efforts on a compromise in Washington had earlier been complicated by the spread of the coronavirus.

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– President Trump said Tuesday that he is pulling the plug on negotiations on a new fiscal stimulus bill until after the November election. Trump, who returned to the White House Monday after a three-day stay in a military hospital for treatment of the deadly virus known as coronavirus, said in a tweet that negotiations with Democrats on a new package of tax cuts and infrastructure spending have been called off. “This is just not good for the economy and that’s why we’re seeing a strong risk off move here,” a senior market analyst at OANDA in New York tells Reuters. “The increasing possibility of a ‘blue wave’ (Democratic control of the White House and Congress) that would open the door for much-needed fiscal stimulus would be a welcome development for risk assets and could undermine the US dollar,” a currency analyst at MUFG tells Reuters.