Chinese Quarterly Data on Growth Release Seems Dollar Goes Down

Chinese Quarterly Data on Growth Release Seems Dollar Goes Down

The Dollar seems down on Monday Morning in Asia due to the release of the quarterly growth data that includes the GDP and the Industrial production later on the day despite fading on hopes for the latest fiscal to the Stimulus Package to be passed by the U.S congress ahead at the U.S presidential elections.

The Dollar Index that tracks the greenback against the basket of the other currencies that inched down at the level 0.04% to 93.672 that following the 0.7% rise to the previous week over the surging number of the COVID-19 to impasse the congress.

The USD/JPY pair is inched up 0.01% to 105.41. Moreover, the AUD/USD pair that gained at the level of 0.36% to 0.7106. The NZD/USD pair was going up at the level 0.32% to 0.6625 that showed the little reaction of the Prime Minister victory on Saturday.

The GBP/USD pair is edged up at the level by 0.20% to 1.2938.

In the U.S., in spite of House of Representatives Speaker Nancy Pelosi set a Tuesday cutoff time for Congress to arrive at an agreement on an arrangement before the political decision, most financial specialists stay doubtful that the cutoff time will be reached as a Joe Biden triumph looks inescapable.