RISK aversion dominated globally due to rising coronavirus cases as well as dwindling prospects of US fiscal aid before the US elections. This led investors to flock to the safe-haven dollar – sending the dollar index to a nearly two-week high, up 0.86% to 93.86.
While US Treasury Secretary Mnuchin and House Speaker Pelosi talks continue, Senate Majority Leader Mitch McConnell reiterated on Thursday he won’t put a large fiscal stimulus package on the Senate floor, leaving a wide and public gap between himself and President Trump on the issue.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
