The dollar continued its falls yesterday – very much the theme of 2020 – reaching new 2¾ year lows against EUR and GBP.
The stimulus package, and in particular the plan to send $2,000 cheques to the poorest Americans, continues to be opposed by Republican leaders.
The value of Bitcoin, the cryptocurrency, rose 4.65% on the day to over $28,000, a symptom of dollar weakness as investors opt for a riskier profile in the face of good news on vaccines.
Today we have unemployment data, with initial jobless claims expected to rise to 833,000.
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