The dollar climbed in Europe on Wednesday, recovering some losses after a two-day drop, as traders evaluated a debate between President Donald Trump and his challenger Joe Biden. The dollar index in opposition to a few currencies crawled up over the 94 mark (USD), after two days of losses that followed the dollar reaching a two-month high last week.
US stocks futures and European stocks traded less hours after the debate, highlighted by Trump’s frequent interruptions in a disorderly encounter in which the candidates fought over the president’s leadership on the coronavirus pandemic, the economy and taxes.
Traders also focussed on a US economic stimulus packaged to help with the coronavirus blow. The euro dropped 0.18% versus the dollar at $1.1722. Economic indicators have recently painted a volatile picture of the economic recovery in Europe, but the morning data were mostly positive.