Entering the European session, the US dollar rose slightly after declining in the previous session as the stock market began to gain momentum after being lifted by confidence in new US stimulus negotiations.
The greenback dollar is now on track for its best week since early April, after rising to a two-month high this week following rising demand for the currency as a safe-haven.
The dollar index, which measures the strength of the greenback dollar against a basket of major currencies, traded again slightly at 94.39.
While other major currencies continued to erase the losses recorded this week with the pound showing a surge around the 1.2800 price level against the USD before declining again.
The pound against the US dollar has risen nearly 100 pips since UK Finance Minister Rishi Sunak announced new stimulus measures to support jobs.
However, the current price movement shows that currency trading is still under pressure due to concerns over the burden that will be borne by the country's economy due to the latest restrictions imposed.
In fact, the employment support scheme launched by Rishi Sunak also does not promise that it will support all employment sectors and be able to reduce unemployment.
Most recently, UK government loans reportedly increased to £ 173.7 billion in the first five months of the fiscal year after new estimates showed the deficit budget in August was £ 35.9 billion. This adds to the pressure on the country to bear more of the country's debt which has already exceeded £ 2 trillion.
