The dollar dipped against the pound yesterday, under pressure as worries that the US’ efforts to control coronavirus may not be enough. The Dallas Fed Manufacturing Index showed a steep decline in activity, although just shy of market expectations.
Donald Trump has added further uncertainty to the prospect of bailouts at a federal level, tweeting yesterday ‘Why should the people and taxpayers of America be bailing out poorly run states (like Illinois, as example) and cities, in all cases Democrat run and managed, when most of the other states are not looking for bailout help? I am open to discussing anything, but just asking?’
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