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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.

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.

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.

Reference: CNBC