for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Dollar jumps as Trump calls off stimulus talks

FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknote in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration

NEW YORK (Reuters) - The safe haven dollar and Japanese yen rallied on Tuesday after U.S. President Donald Trump called off negotiations with Democratic lawmakers on a coronavirus relief stimulus package until after the Nov. 3 election.

Trump accused House of Representatives Speaker Nancy Pelosi of not negotiating in good faith.

The dollar had dipped over the previous few days on optimism that a stimulus deal was near.

The dollar index against a basket of major currencies jumped to a session high of 93.80, up 0.34% on the day.

The greenback dipped 0.19% against the Japanese yen to 105.52 yen.

Reporting by Karen Brettell in New York; Editing by Paul Simao and Will Dunham

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up