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FOREX-Dollar slips as U.S. stimulus stalemate persists

    * Dollar index falls to one-week low
    * Back and forth on U.S. aid package weighs on dollar
    * U.S. jobless claims better than expected
    * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E

 (New throughout, updates prices, market activity and comments)
    By Gertrude Chavez-Dreyfuss
    NEW YORK, Aug 13 (Reuters) - The dollar slid on Thursday against some major currencies such as the
euro, Swiss franc, and sterling, weighed down by the impasse in Congress about additional U.S. stimulus to
help cope with the coronavirus pandemic.
    In the afternoon session though, the dollar trimmed its losses, as U.S. stock indexes fell.
    After losing 10% of its value from a peak in March, the  dollar has been bouncing around its lowest
levels in more than two years since late July.
    Investors, however, remained focused on the stimulus package talks, which broke down last week.
    Funding for the U.S. Postal Service and to shore up election infrastructure became a major sticking
point in congressional talks on coronavirus relief, as President Donald Trump vowed to block any money to
facilitate mail-in voting.
    On Wednesday, Trump accused congressional Democrats of not wanting to negotiate over a U.S.
coronavirus aid package as Republican and Democratic negotiators traded blame for a five-day lapse in
talks over relief legislation.
    "The stalemate over the stimulus package is troubling," said Amo Sahota, executive director at
currency advisory firm Klarity FX in San Francisco. "Sticking more band-aid over it, which is what the
administration is trying to do right now, is not enduring." 
    In afternoon trading, the euro was up 0.1% at $1.1798. Since the beginning of July, the euro
has gained nearly 6% versus the dollar. 
    Against the Swiss franc, the dollar fell 0.2% to 0.9105 franc.
    Sterling also rose 0.3% versus the dollar to $1.3051.
    The dollar index was little changed to slightly lower at 93.316. Earlier, it fell to a one-week
low.
    "The dollar being weaker is a sign of positive risk sentiment," said Klarity's Sahota. "The market is
moving to places that would give them a better return and more comfortable in buying the Australian
dollar, euro, and even the pound."
    The dollar also shrugged off better-than-expected U.S. jobless claims data.
    Initial claims for state unemployment benefits decreased 228,000 to a seasonally adjusted 963,000 for
the week ended Aug. 8. That was the lowest level since mid-March when authorities started shutting down
non-essential business to slow the spread of the virus. Economists polled by Reuters had forecast 1.12
million applications in the latest week.
    Against the yen, the dollar was flat at 106.91 yen. 
    The offshore yuan rose to a five-month high, but last traded 0.3% lower at 6.9519 per U.S.
dollar. U.S. and Chinese officials meet Saturday to review their Phase I trade deal.
    
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    Currency bid prices at 3:13PM (1913 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     High Bid    Low Bid
                                              Previous                   Change                 
                                              Session                                           
 Euro/Dollar      EUR=        $1.1797        $1.1782     +0.13%         +5.24%      +1.1864     +1.1782
 Dollar/Yen       JPY=        106.9300       106.8900    +0.04%         -1.77%      +107.0400   +106.5700
 Euro/Yen         EURJPY=     126.17         125.97      +0.16%         +3.46%      +126.7400   +125.9200
 Dollar/Swiss     CHF=        0.9105         0.9120      -0.16%         -5.92%      +0.9133     +0.9083
 Sterling/Dollar  GBP=        1.3046         1.3032      +0.11%         -1.61%      +1.3123     +1.3032
 Dollar/Canadian  CAD=        1.3223         1.3244      -0.16%         +1.83%      +1.3256     +1.3192
 Australian/Doll  AUD=        0.7137         0.7162      -0.35%         +1.65%      +0.7187     +0.7138
 ar                                                                                             
 Euro/Swiss       EURCHF=     1.0746         1.0745      +0.01%         -0.98%      +1.0790     +1.0745
 Euro/Sterling    EURGBP=     0.9042         0.9039      +0.03%         +6.96%      +0.9052     +0.9029
 NZ               NZD=        0.6539         0.6577      -0.58%         -2.92%      +0.6598     +0.6540
 Dollar/Dollar                                                                                  
 Dollar/Norway    NOK=        8.8980         8.9404      -0.47%         +1.36%      +8.9586     +8.8548
 Euro/Norway      EURNOK=     10.4980        10.5470     -0.46%         +6.71%      +10.5630    +10.4920
 Dollar/Sweden    SEK=        8.7006         8.6788      +0.28%         -6.92%      +8.7070     +8.6529
 Euro/Sweden      EURSEK=     10.2679        10.2391     +0.28%         -1.92%      +10.2800    +10.2375
 
 (Reporting by Gertrude Chavez-Dreyfuss; Editing by Alistair Bell and David Gregorio)
  
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