The dollar has regained some strength against the pound and euro after worries over the likelihood of Biden’s stimulus package being passed through Congress. He faces criticism from both sides of the Senate surrounding certain aspects of the bill, including minimum wage increases.
Janet Yellen, former Chair of the Federal Reserve, has become the first female Treasury Secretary.
Meanwhile the current Chair of the Fed, Jerome Powell, is predicted to provide reassurance that the low-interest rate policies will remain in place when America’s central bank hold its first monetary policy meeting of the year, tomorrow.
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