⁍ The dollar was little changed against a basket of currencies.
⁍ The greenback has been whipsawed by swings in risk sentiment.
⁍ The New Zealand dollar dropped as much as half a percent.
– The dollar was little changed against a basket of currencies on Thursday as investors waited for fresh news on whether new US fiscal stimulus is likely in the near term. The greenback has been whipsawed by swings in risk sentiment after US President Donald Trump on Tuesday halted negotiations with Democrats on a new economic package, but later pushed for the approval of more targeted stimulus bills to offset economic damage from the coronavirus. US House of Representatives Speaker Nancy Pelosi said on Thursday that legislation to help airline companies survive the fallout from the coronavirus pandemic was a matter of national security and could only move through Congress with guarantees that lawmakers will work on a more comprehensive aid bill, Reuters reports. “We’re just really consolidating. I think the market right now lacks near-term conviction, partly because of uncertainty about US fiscal policy, and sensitivity to these US presidential tweets,” says Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. “There’s no new news to shake things up one way or another.”
Source: https://www.reuters.com/article/us-global-forex/dollar-steady-as-markets-wait-on-stimulus-news-idUSKBN26T02W