⁍ The dollar index retreated on Wednesday, a day after notching its biggest daily percentage gain in three weeks.

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⁍ The euro touched a nine-day low.

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⁍ The dollar jumped on Tuesday on concerns about the length of time before a COVID-19 vaccine would be available.

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– The dollar took a hit Wednesday after Senate Majority Leader Mitch McConnell said the GOP-led Senate would vote next week on a $500 billion bill to combat the deadly coronavirus, Reuters reports. “Right now the dollar is simply going back and forth on stimulus news, and it is not going very far,” says Joseph Trevisani, senior analyst at FXStreet.com. The dollar was also under pressure after data showed US producer price index for final demand rose 0.4% in September, topping the 0.2% forecast, after advancing 0.3% in August, amid a surge in the cost of hotel and motel accommodation. The pound fell as low as $1.2865 as hopes dimmed for a Brexit agreement, before recovering as the European Union and Britain are set to prolong talks past a mid-October deadline to try to bridge persistent gaps holding up a new agreement. “For the pound it is pretty much Brexit—Boris says something good, it goes up, Boris says something bad, it goes down,” Trevisani says. “It doesn’t seem to be reacting terribly to the coronavirus.”