Dollar Indicator Rises As Expectations For Incentive Package Decreased

Dollar Indicator Rises As Expectations For Incentive Package Decreased The dollar indicator rises as expectations for the incentive package decreased. With the decrease in the expectations that the support package issue in the USA will be resolved soon, the dollar gained value against important currencies. Incentive package talks, one of the most important issues in the US, have come to a deadlock. The dollar gained value against important currencies as the expectations that the package issue would be resolved soon decreased. In addition, the increase in coronavirus cases also supported the security asset appetite. Speaker of the House of Representatives Nancy Pelosi and Chief of Staff of the White House, Mark Meadows, made statements on Sunday. The two accused each other of trying hard. US Treasury bonds rose after the coronavirus cases in the country saw the peak on the second day and the epidemic spread again in China. The euro fell against the pound, after trade talks between the UK and the European Union (EU) were extended until 28 October. In a note written by Commonwealth Bank of Australia strategists, “slow progress in the US financial incentive negotiation supports the dollar. We doubt that a law will pass before the US presidential election on November 3. The Bloomberg Dollar Spot Index (BBDXY), which measures the value of the dollar against major currencies, gained 0.2 percent. The US 10-year yield declined by 3 basis points to 0.81 percent. The euro / pound parity was trading at 0.9086, with a loss of 0.1 percent.