Dollar eases on Friday after Thursday's reversal


The greenback failed to hold gains on Thursday and many USD pairs turned lower during the US session, which could imply the latest appreciation of the buck might be over. 

On Friday morning, the EURUSD pair was seen trading near 1.1680, while USDJPY was down to 105.25.

Equity indices rose on Friday after news that Democrats in the US House of Representatives were working on a 2.2 trillion USD coronavirus stimulus package that could be voted on next week. House Speaker Nancy Pelosi reiterated she is ready to negotiate on it with the White House.

Later in the day, investors will pay attention to the US durable goods orders, which are expected to post a massive decline from July's levels as the initial surge in economic activity after the shutdown is about to expire. 

However, many EU countries, such as France, Belgium, and Spain, are reimposing additional lockdowns, although not nationwide, but local ones. Nevertheless, it will certainly hinder economic growth.

Precious metals were trying to recover from this week's selling, but they have been flat so far on Friday. If the USD continues to decline today, we could see some short-covering in metals, which might drive them higher. 
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