* Nokkie, Aussie dollar losers in G10 space
* Chinese yuan falls vs dollar
* British pound rises vs dollar, euro
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E
(Adds new comment, updates prices)
By Gertrude Chavez-Dreyfuss
NEW YORK, Oct 26 (Reuters) - The U.S. dollar advanced on Monday, rising for a second straight session,
bolstered by safe haven bids amid surging coronavirus cases in Europe and the United States as well as a
lack of progress on a U.S. stimulus package.
The United States, Russia and France set new daily records for new COVID-19 infections as a second
wave swelled across parts of the Northern Hemisphere, forcing some countries to impose new curbs. Spain
announced a new state of emergency and Italy has ordered restaurants and bars to shut by 6 p.m.
On the stimulus front, U.S. House Speaker Nancy Pelosi said on Sunday she expected a White House
response on Monday to the latest relief plan, but there is little evidence a deal is close. "With the S&P heading down, the market is getting nervous," said Amo Sahota, executive director at
currency advisory firm Klarity FX in San Francisco.
"The danger is obviously if the case counts continue to rise as they have and we have to start
additional restrictions, or curfews, or lockdowns in North America, although we have been told repeatedly
by the government that they don't want to do that," he added.
Media reports that the Oxford/AstraZeneca vaccine has proved successful in elderly people and that
staff at a major British hospital were told to prepare for it as early as next month were not enough to
bolster sentiment. An index tracking the U.S. dollar against a basket of six major currencies =USD was last up 0.3% at
93.052.
The euro EUR=EBS , which has the largest percentage share of the dollar index, fell 0.4% to $1.1811.
It slipped earlier after the German Ifo business climate index fell for the first time in six months in
October. The dollar also rose 0.1% against the Japanese yen to 104.87 JPY=EBS .
Speculators remain short the U.S. dollar, the latest data from the Commodity Futures Trading
Commission showed, though the number of shorting contracts declined in the last couple of weeks. IMM/FX
Investors have also raised doubts about expectations of a Democratic sweep of the U.S. Congress.
"One of the permutations is a Democratic win, but no control of the Senate. Is it a complete blue
sweep or is it something else?," said Klarity's Sahota. "If we don't get a blue sweep, then the stimulus
won't be big enough."
The U.S. dollar rose 0.5% against the Chinese yuan in the offshore market to 6.703 CNH=EBS , in a
sign of caution as the Chinese government began discussions on its next five-year plan.
The Australian dollar was last down 0.1% at 0.7137 AUD=D3 , while the greenback rose 0.6% versus the
Canadian dollar to C$1.3203 CAD=D3 .
The British pound also fell 0.1% against the dollar to $1.3023 GBP=D3 .
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR=EBS $1.1814 $1.1862 -0.40% +5.38% +1.1859 +1.1804
Dollar/Yen JPY=D3 104.8500 104.8000 +0.05% -3.47% +105.0500 +104.6750
Euro/Yen EURJPY= 123.87 124.19 -0.26% +1.57% +124.2200 +123.7800
Dollar/Swiss CHF=EBS 0.9073 0.9040 +0.38% -6.23% +0.9079 +0.9044
Sterling/Dollar GBP=D3 1.3022 1.3039 -0.15% -1.83% +1.3074 +1.2993
Dollar/Canadian CAD=D3 1.3200 1.3124 +0.57% +1.60% +1.3224 +1.3123
Aussie/Dollar AUD=D3 0.7126 0.7137 -0.17% +1.54% +0.7146 +0.7103
Euro/Swiss EURCHF= 1.0718 1.0724 -0.06% -1.23% +1.0728 +1.0708
Euro/Sterling EURGBP= 0.9069 0.9095 -0.29% +7.27% +0.9106 +0.9042
NZ NZD=D3 0.6682 0.6692 -0.13% -0.68% +0.6697 +0.6670
Dollar/Dollar
Dollar/Norway NOK=D3 9.2400 9.2205 +0.24% +5.36% +9.3205 +9.2290
Euro/Norway EURNOK= 10.9187 10.9390 -0.19% +10.99% +11.0258 +10.9080
Dollar/Sweden SEK= 8.7442 8.7472 -0.36% -6.45% +8.7870 +8.7324
Euro/Sweden EURSEK= 10.3303 10.3677 -0.36% -1.33% +10.3955 +10.3230