The dollar stays weak as President Trump pushes for changes to the stimulus deal and on positive Brexit news. Trump called Monday’s Covid relief package “a disgrace” and is calling for $2,000 checks instead of the agreed $600, which he feels will make a real difference for American households.
There seems to be support from House Democrats for more stimulus payments, however, Republican Senators seem less willing to reconsider. A bill is anticipated before December 28th, but there is uncertainty how this will happen. Over 14 million Americans will lose unemployment aid if the bill is not passed.
Markets are preparing for last-minute changes, however, even if Trump does veto the bill, it is possible there would be enough votes from Democrats and Republicans in Congress to override him.
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