Dollar Drops to lowest level in seven weeks
![Dollar Drops to lowest level in seven weeks](https://fxnewsy.com/imagecache/original/images/8sbV9nymm17pHV8Pr2zfQVkEiHJeBxKq64Tm5FXu.jpeg)
The US dollar fell today against major currencies to its lowest level in seven weeks, after US President Donald Trump and House Speaker Nancy Pelosi strengthened hopes for a major financial stimulus package to counter the impact of the coronavirus epidemic.
The main dollar index, which measures the currency’s performance against 6 major currencies, fell 0.47% to 92.605, its lowest level since September 2, and the US dollar fell to its lowest level in four weeks against the Japanese yen.
Trump said he was ready to accept a massive monetary stimulus bill despite opposition within his Republican party, and Pelosi said she was optimistic about the chances of a new aid deal despite resistance from Republicans in the Senate.