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The dollar is holding its breath, anticipating developments in Trump's health and a financial package
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Economy News _ Baghdad
The dollar index declined slightly on Monday, as it witnessed little change from Friday's closing, in light of financial markets awaiting news about the health of US President Donald Trump and the development of talks regarding financial aid in Washington.
On Friday, Trump announced that he had tested positive for COVID-19, prompting investors to resort to safer assets and sparking a sell-off in the stock market.
But with the start of Asian trading, Trump suddenly appeared in a parade outside the hospital he was receiving treatment, which helped improve the risk appetite.
Doctors treating Trump say he may be discharged today.
Investors are also awaiting developments in talks in Washington about a coronavirus-related rescue package, after House Speaker Nancy Pelosi announced on Sunday progress in the talks.
The dollar fell slightly against a basket of currencies, but its index remained close to recent ranges and fell less than 0.1 percent on the day to 93.785.
The dollar also rose against the yen 0.3 percent to 105.615, recovering from its worst drop in more than a month on Friday.
Riskier currencies strengthened overnight, but their gains were eroded by the time European markets open.
The Australian dollar rose 0.2 percent to 0.71735, while the New Zealand dollar fell 0.1 percent to 0.6641.
The euro rose 0.1 percent to $ 1.17260.
The Swiss franc, which is considered a safe haven, rose after Japanese technology company NEC said it would buy Swiss financial software company Avalock Group.
The euro fell against the Swiss franc 0.2 percent to 1.07620.
As for the pound sterling, it was at $ 1.2917 at 0721 GMT, down 0.2 percent during the day.
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