The US dollar fell to its lowest level in a month against a basket of major currencies as investors await the outcome of the fiscal stimulus talks ahead of the US presidential election.

The dollar index continued its decline for the second day in a row, recording 92.991, its lowest level since September 21.

US House of Representatives Speaker Nancy Pelosi said that Democrats may reach an agreement with the Trump administration on an additional aid package to mitigate the economic repercussions of the Covid-19 crisis, and its distribution may begin early next month.

The euro rose 0.5 percent against the green currency to $ 1.184, after it fell 0.1 percent to $ 1.17600 during early trading in the London market.

Source: Agencies

By:Nadeemy Haded

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