⁍ The dollar index stood at 93.036 =USD, just above Friday’s near-three-week low of 92.997.
⁍ The euro traded at $1.1841 EUR=, having gained 0.60% on Monday.
– The dollar hit a three-week low against the euro and a four-week low against the yen on Tuesday as markets awaited the results of the US presidential election on Nov. 3. The dollar index, which measures the greenback’s value against a range of other currencies, was at 93.036 as of 11am EDT, just above Friday’s low of 92.997, reports Reuters. “It seems there is a strong optimism that eventually there will be stimulus. It is hard to argue against fiscal expansion given the coronavirus epidemic is almost like a natural disaster,” said Makoto Noji, chief currency and foreign bond strategist at SMBC Nikko Securities.
Source: https://www.reuters.com/article/global-forex/corrected-forex-dollar-flirts-with-3-wk-low-as-investors-count-on-eventual-stimulus-idUSL4N2H406Z