The dollar edged lower against its rivals on Wednesday as investors weighed hopes for a swift economic recovery against fears about a resurgence in the pandemic, particularly in the United States.

Demand for the U.S. currency proved remarkably stable as oil prices steadied while European bourses traded in negative territory.

Against a basket of its rivals, the dollar index slipped 0.14% at 96.84 .

The euro rose marginally against the greenback at $1.1289 while a recent fall in selling positions against the greenback provided room for possible further drops.

Sterling shrugged earlier losses and rose 0.2% at at $1.2561 as talks resumed between the Britain and the European Union on terms for their future trade relations.

Source : Reuters