By Peter Nurse Investing.com – The dollar fell slightly on Thursday, halting its recent rally from nearly three-year lows on higher returns in the United States as traders await further action. At 3:55 a.m. ET (0755 GMT), the, which tracks the dollar against a basket of six other currencies, was down just 0.04% to 90.302, staying just above the low of 89.206 seen for the first time since March of 2018 last week. it rose 0.1% to 104.00, fell 0.1% to 1.2155, rose 0.2% to 1.3666, while risk sensitive was up 0.3% to 0.7756. CNN reported overnight that President-elect Joe Biden will seek to outline plans later Thursday for a fiscal stimulus package of around $ 2 trillion. The dollar has risen in four of the last five trading sessions as the prospect of increased stimulus, financed largely by borrowing, has weighed on US government bonds, sending the benchmark Treasury outperforming. 1% for the first time since March. Another factor that has supported the dollar of late has been recent concern that the Federal Reserve may reduce its monetary support earlier than originally expected as the economy recovers. President Jerome Powell is scheduled to speak at around 12:30 PM ET (1630 GMT), and this speech will be scrutinized for clues as to when his bond buying program may be reduced. However, many analysts expect the currency’s rally to be temporary and, in the longer term, they expect more US stimulus to support risk sentiment, which is weighing on the dollar, which is traditionally considered a safe haven. “As the Fed sticks to its Average Inflation Targeting framework, allow the CPI to surpass and keep rates on hold (our base case for this year and next), the deeply negative real rate will weigh on the USD,” ING analysts said. in a research note.