The dollar was steadily above seven-week lows on Thursday, obtaining some respite as expectations of fiscal stimulus in the US ahead of the November elections collapsed once again.

Advancement towards a US stimulus deal has fueled sentiment in global markets and elevated demand for riskier assets in current sessions – weighing on the safe-haven dollar, which tends to weaken when risk appetite picks up.

But pressure on the currency eased off after President Donald Trump on Wednesday pointed out at Democrats for being unwilling to craft an agreeable compromise. 

In early London trade, the dollar index (USD) was a touch lower against a basket of currencies at 92.612, but grasping above its lowest levels since September 2 hit Wednesday.