The dollar strengthened this morning as rising COVID-19 cases and increased restrictions in the US are balanced with vaccine hopes and the promise of a stimulus package to help the US economy.
Congress is expected to vote on the legislation for a new stimulus package this week. This is expected to pass, which will give the lawmakers more time to negotiate a deal. Around $908 billion of funding is already on the table.
President elect, Joe Biden, continues to choose his cabinet, recently appointing retired General Lloyd Austin as his defence secretary.
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