The dollar remained weaker against the pound but rose to a one-week high against the euro yesterday, due to an escalation of tensions between the US and China. Senior US and Chinese officials will meet via teleconference on Saturday to review the implementation of their Phase 1 trade deal.
They are also likely to speak about the cause of recent tensions, which include sanctions imposed by China on 11 US citizens, including legislators.
Democrats and Republicans are still at odds over the fiscal stimulus package, designed to help the US economy. Nancy Pelosi said in a news conference that she was willing to offer a trillion-dollar compromise on a $3.5tn (£2.7tn) stimulus bill. However, Republicans prefer a package closer to a $1tn total.
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