The dollar index, which measures the performance of the greenback versus a basket of other major currencies, has lost more than 1% since the beginning of the week as risk appetite rose and the appeal of the safe havens diminished. Hopes that Republican and Democrat law makers in Washington would reach an agreement for the release of an economic stimulus package led to an increase in optimism. However, a deal between the two parties, allowing the release of economic aid before the November 3 elections, is starting to look unlikely and as a result the greenback’s losing streak appears to have come to an end as the dollar index remains flat during early Thursday trading.
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