The dollar is still weak this morning as vaccine optimism and economic hopes for the year ahead lessen its safe-haven appeal.
All eyes are on Congress this week as they attempt to push through a long-awaited stimulus package to help the US economy. The bill is still struggling to get through Congress, but lawmakers are now talking about splitting the $908 billion stimulus bill into two parts. It is hoped that this will make it easier in theory for some of it to get through.
Congress goes on Christmas recess from Friday, so time is limited. The Federal Reserve will conclude their monetary policy meeting tomorrow, when officials are expected to urge Congress to pass the bill.
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