The dollar has strengthened slightly this morning on uncertainty surrounding a stimulus bill from Congress. On Sunday, House Speaker Nancy Pelosi gave Congress 48 hours for a bill to be agreed upon before the US election. In a phone call with Secretary Steven Mnuchin yesterday, it was reported that the two sides continue to “narrow their differences”. However, it is unclear whether an agreement will be reached in time.
Federal Reserve Chair, Jerome Powell, spoke at the International Monetary Fund yesterday, talking about how the Federal Reserve is continuing to explore the possibility of launching a US digital dollar. The Fed has not committed to launching a digital dollar yet but continues to research it.
Today, we’ll see Housing Starts and Building Permits data for the US.
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