TOKYO (Reuters) – The dollar inched up in early Monday trade as riskier currencies slipped after negotiation on a U.S. stimulus package ran into resistance and as the yuan dropped after China’s central bank took a measure seen as aimed at curbing its strength.

The euro slipped 0.15% to $1.1818

while the Australian dollar shed 0.25% to $0.7223


The yen was little changed at 105.65 to the dollar


The U.S. dollar index edged up to 93.104 <=USD>, bouncing back from Friday’s near-three-week low of 92.997. The index saw its biggest loss in six weeks on Friday on hopes that a deal for new U.S. stimulus would be reached.

President Donald Trump on Friday offered a $1.8 trillion coronavirus relief package in talks with House Speaker Nancy Pelosi – moving closer to Pelosi’s $2.2 trillion proposal.

But Trump’s offer drew criticism from several Senate Republicans, many of whom are uneasy about the nation’s growing debt and concerned a deal would cost Republicans support in the upcoming presidential election, denting the risk-on mood.

Still, with Nov. 3 election only weeks away, investors bet that Democrat Joe Biden is more likely to win the U.S. presidency and offer a larger economic package.

“On the whole, the big picture has not changed that much,” said Kyosuke Suzuki, director of forex at Societe Generale.

The offshore Chinese yuan dropped after the People’s Bank of China (PBOC) said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading.

Analysts said the measure could keep the yuan’s strength in check by encouraging the use of forwards.

“The authorities have not stood in the way of yuan strength, but this move could be seen as a sign that they want to slow the pace of appreciation,”

During your next night out (or Zoom call in) with your friends, break open the wine and talk about investments. It might sound weird at first, but that’s what Divya Gugnani, CEO and co-founder of Wander Beauty, advises women to start doing. 

a woman sitting at a table

© Provided by CNBC

“Every time my husband goes out for a guy’s dinner, why do they discuss investments, why are they talking about the stock market, why are they talking about real estate?” Gugnani asks. It’s because it works. “They come home and they share ideas, and their wealth compounds,” she says.

It’s time women do the same.

a woman sitting at a table: Divya Gugnani attends Food & Wine Classic in June 2011 in Aspen, Colorado.

© Provided by CNBC
Divya Gugnani attends Food & Wine Classic in June 2011 in Aspen, Colorado.

“We need to socialize the idea that it’s OK for us to talk about money. We need to share and build and help each other grow,” Gugnani said during a recent webinar as part of U.S. Bank’s Women & Wealth Summit.


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About 52% of women say they talk about money with friends, compared to 61% of men, according to U.S. Bank’s online survey of 3,000 people last year. 

Men build wealth, in part, because they are sharing their financial ideas and insights with a network of others, says Gugnani, who started her career at Goldman Sachs. They help, teach and support each other, she adds. 

Women can and should be doing the same thing, Gugnani says. Start with your own circle of friends and move past the taboos and hang-ups you may have about talking about money and finances in general. “Make this an OK thing to talk about at a girl’s dinner,” she says.  

“It’s about learning how to become financially fluent, financially literate,” she says.

When it comes to money advice, Gugnani says her No. 1 recommendation is

I don’t know about you, but my love of podcasts has intensified under lockdown.

The perfect antidote to hours spent glued to a screen while “living at work”, I would much rather pick up a pair of headphones than the TV remote — and judging by the soaring popularity of podcasts, I am not alone.

I’m often asked about my favourite financial shows. At the start of the pandemic, one of the most effective investment management tools I found was The Boring Talks, a BBC podcast. With episodes devoted to the wonders of coal holes, jigsaws, oboe reeds and teletext, it has nothing to do with money. Yet listening to this took my mind off soaring infection rates and plunging stock markets as I resolved to stick to my long-term investment strategy.

I’ve presented the FT Money Show podcast for five years, but under lockdown, our shiny new studio in the basement of Bracken House was off limits. We used our time off air to rethink the format — and the result is the new Money Clinic podcast which launched this week.

Each week, I will be talking through a real-life money issue with a listener who is willing to unburden themselves down the line. Upcoming episodes feature a graduate nervously navigating the jobs market, a City worker with significant credit card debts and a buyer weighing the pros and cons of shared ownership properties. Problem shared, we then consult the best financial experts about next steps people in a similar position could take.

FT podcast: How can I get started as an investor?

Claer Barrett talks to listener Naureen about how to start investing in the stock market. Download here

Part of the inspiration for this format was my unofficial role as the FT’s financial agony aunt. My desk

Rebecca is CEO of LearnLux, a financial well-being company that helps employees feel great about their money so their work & wellness thrive

Employees typically don’t know how to talk about money. It’s something we all need to know but are usually never taught. In some families, it’s a total taboo. I hear the shame, confusion and discomfort each time personal finances come up. People get anxious, they change the subject and what isn’t said is much more impactful than what anyone actually says out loud. We learn from a young age that money is one of those subjects that shouldn’t be talked about because it’s private and personal and no one’s business. Instead, I believe this needs to be a focus for every business because we’re all dealing with money every day. Avoiding it is contributing to stress levels that are unsustainable, at work and at home, but change is possible. Employees need support to feel good about their finances, and employers have a responsibility to help enable this. It starts by talking about it.

In my experience, the silence surrounding money only compounds the problem. Shame plus silence is a recipe for trouble and leaves us feeling alone and isolated while those around us are having the same issues. But most importantly, we can’t get guidance for issues we can’t talk about. Since avoidance is not the answer, now is the time to get talking about how we manage our money in this pandemic and economic uncertainty-filled world.

I recently had a conversation with an executive in Human Resources who was struggling with how to use financial well-being benefits to support her team. She didn’t know where to begin the conversation because it all seemed too complicated. I told her that she was illustrating the problem