LONDON — A dollar rebound faltered on Tuesday as political wrangling over a U.S. relief plan and a gloomy economic outlook weighed on the currency. After its worst month in a decade in July, the greenback started August on a firm note as some investors trimmed their short positions. That only carried it so far, however, and the dollar was broadly flat in lunchtime European trading hours on Tuesday against a basket of currencies, after earlier slipping 0.3%. <=USD>The euro - which gained 5% at the dollar's expense in July - edged up 0.1%, last at $1.1772.

Source: International New York Times August 04, 2020 05:26 UTC