Dollar higher on decision to call off stimulus

U.S dollar rose against a basket of six major currencies ending to settle at 93.86  after the Republican canceled talks on economic stimulus with Democrats pushing investors away from risky assets.

Trump's surprise decision to call off stimulus talks until after the presidential election increases downside risks for an already unstable U.S. economy, which is likely to favor the dollar.

The U.S president has made a return to the White House to continue his treatment for coronavirus after a three-night hospital stay. The president was flown earlier this week to a hospital for treatment for the coronavirus.

The U.S. JOLTs Job Openings which measure job vacancies. came at 6.493 million lower than expectations of 6.685 million and the previous reading which has been revised to 6.7 million.

Federal Reserve Chair Jerome Powell warned that the U.S. economy could fall into a downward spiral if the coronavirus is not controlled and called for more economic assistance.

Over in Europe, the Common currency traded lower on Tuesday against the Greenback to settle at 1.1733 EURUSD.  Investors are watching with concern as coronavirus infection rates climb in Europe.

In economic news, Germany Factory Orders for August. came at 4.5 percent higher than expectations of 2.6 percent.

Furthermore, The Great British Pound was lower versus its counterpart, the U.S. Dollar, to settled at 1.2873 as optimism about Britain's trade negotiations with the European Union failed to shield the sterling from the dollar's advance.

Boris Johnson the British Prime Minister and the head of the EU's executive, Ursula von der Leyen, agreed in a phone call on Saturday to step up negotiations on a post-Brexit deal.

Regarding Safe-Haven assets, the Japanese Yen was higher against the Greenback to end the session at 105.62 USDJPY.

On the other hand, the Swiss franc rose against the U.S dollar to settle at 0.9178 USDCHF.

The Precious Metal ended the trading session lower, The Gold finished the session at 1877 pressured by a stronger greenback.

Elsewhere in Canada, the Lonnie which is a commodity-sensitive currency traded lower on Tuesday session. The USDCAD ended the session at 1.3311.

The Aussie Dollar finished the session lower to end the trading session at 0.7100 as the Reserve Bank of Australia kept interest rates unchanged at 0.25 percent.

Cryptocurrencies ended that session lower, with Bitcoin settling at 10530 BTCUSD. Moreover, Litecoin and Ethereum ended the session at 43.40 LTCUSD and 334.9 ETHUSD, respectively.

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