Dollar gains after week of losses on US stimulus and Brexit fears
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THE US dollar rose on Friday from 2½-year lows as doubts about an agreement on US Covid-19 aid and Brexit trade negotiations deflated investor confidence.
The US Congress looked increasingly unlikely on Friday to meet a deadline to agree on US$900 billion in fresh Covid-19 aid and instead may pass a third stopgap spending bill to keep the government from shutting down at midnight.
The European Union, also on Friday, said there were just hours left to strike a Brexit trade deal while Britain called on the bloc to see sense as the two sides race to prevent a turbulent finale to the Brexit crisis at the end of the month.
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