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apple developer account:Euro near three-month high as dollar takes a hit

admin2020-12-2064

LONDON - The euro was close to a three-month high as the U.S. dollar on expectations of more monetary stimulus from the United States and a strengthening recovery elsewhere that pushed up riskier currencies. One of the currencies to watch was the New Zealand dollar, which was on course to reach its highest since June 2018. Investors are short dollars as optimism about promising vaccine trials drives buying of riskier currencies and higher- yielding assets outside the United States. Worries about rising coronavirus cases have not provided the dollar with much support, as speculation grows that the Federal Reserve will act to support the economy through a tough winter before vaccinations become available. The Fed meets to set policy on Dec. 15 and 16. Before then - on Tuesday and Wednesday - Fed Chair Jerome Powell will appear before Congress, and his remarks will be closely watched for any clues as to the Fed's next moves. Powell and Treasury Secretary Steven Mnuchin will testify on the CARES Act, under which Congress made $2 trillion available to the Treasury as coronavirus aid, a large portion of which was aimed to support the FOMC,

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