The dollar is stronger this morning despite positive market sentiment. Democrats are taking steps to push through the $1.9 trillion stimulus bill, starting the process to allow the package to become a law without Republican support. Republicans have opposed the size of the bill and have requested that it be scaled down.
However, it’s thought that Democrats will offer to negotiate some details of the bill to gain some Republican support. Senate Democrats could approve the budget resolution as early as Friday.
PMI data will also be released for the US today and there will be a series of speeches from Federal Reserve officials later.
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