THE safe-haven US dollar posted a modest gain of 0.14% to 90.82, taking a breather from a sell-off that took it to a more than 2½-year low last week. The focus of the week was on the negotiation among US lawmakers to append a new coronavirus stimulus aid to a funding bill to avert a government shutdown on Dec 11.
The progress on the fiscal aid talks subsequently stalled towards the end of the week – encouraging investors to lighten their risk exposure. However, lawmakers managed to pass a temporary bill allowing the federal government to remain open for one more week to work on a bipartisan deal on government spending.
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