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The US dollar slightly went up in relation to the euro, but a slight decrease was recorded against the Japanese yen.
Market participants are closely monitoring the negotiation process for the new stimulus package in the US. It should be noted that the discussion of incentives is proceeding quite productively, although so far to no avail. On Friday, the White House proposed to increase the amount of stimulus to $ 1.8 trillion. However, neither Democrats nor Republicans reacted with enthusiasm to such a proposal. Both parties are categorically against increasing incentive payments, as they believe that the situation in the country is not so critical as to ratify such large-scale payments.
On Sunday, the US Treasury Secretary and the White House chief of staff sent an appeal to members of Congress to sign a bill as soon as possible, which would allow the balance of funds to be distributed to cover wage arrears of private enterprises. They have not been spent under the Paycheck Protection Program.
All this ultimately led to the slight strengthening of the US dollar against the euro, by 0.09%. The current exchange rate was $1.1815 per euro, while the previous trading ended at $ 1.1826 per euro.
On the contrary, the dollar is getting cheaper against the Japanese yen. On Monday, it fell 0.13%, which sent it to the level of 105.48 yen per dollar, while earlier it was estimated at 105.62 yen per dollar.
The euro also reduced its position against the Japanese yen by 0.23%. On Monday, its price moved to 124.64 yen per euro, while Friday's trading ended around 124.93 yen per euro.
The national currency of Great Britain is strengthening in relation to the "American". Sterling rose 0.12% in the morning to trade at $ 1.3051 per pound. As a reminder, previous trading closed at $ 1.3036 per pound.
Meanwhile, the pound sterling against the dollar is strengthening. The Sterling rose 0.12% which sent to $1.3051 per pound. Recall that previous trading closed at $1.3036 per pound.
The pound is also increasing its positions in relation to the euro by 0.175. Its value reached 1.1046 euros per pound by Monday morning. Last week's trading closed at 1.1027 euros per pound.
The exchange rate of the US dollar against the Chinese yuan changed in favor of the former. It gained 0.33%, which moved the dollar to the limits of 6.7169 yuan per dollar against the final value of the last session at 6.6947 yuan per dollar.
The dollar index, which tracks its movements against a basket of the world's six major currencies, slightly declined by 0.01%. Meanwhile, it rose by 0.07% against a basket of the world's sixteen major currencies.
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