As the world’s safe-haven currency, the dollar continues to suffer on optimism for a stimulus package from Congress, vaccine news and hopes for a Brexit deal.
Reports suggest that lawmakers were upbeat about the possibility of a stimulus bill yesterday as they discuss small details. It is hoped that the package, which will help ailing businesses and households in the US, will be finalised by the end of this week.
The Federal Reserve concluded their latest monetary policy meeting yesterday. Officials have committed to continue buying bonds until the economy reaches full employment and inflation stays at 2%.
Jobless claims and housing data will be released for the US later today.
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