The dollar is strong against the euro this morning. There are hopes that Congress will pass the $1.9 trillion package in the coming weeks, creating optimism over economic recovery from the effects of the pandemic.
Non-Farm Payrolls data released at the end of last week shows that the US economy added 49K jobs in January, compared to market expectations of a 50K rise. This follows an easing of restrictions last month as infection rates began to fall in parts of the US and the vaccine programme gained pace.
The 7-day moving average of Covid-19 infections has declined by over 130,000 in the last three weeks, while over 33 million Americans have received at least one dose of a coronavirus vaccine.
This week, inflation rate data and jobless claims figures will be released for the US, amongst a series of other data.
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