The dollar’s gains were limited yesterday due to expectation of more monetary stimulus from both the EU and the US. It is weaker this morning due to positivity in the global markets, meaning that its safe-haven appeal has waned slightly.
It’s thought that there could be a battle in congress over the proposed stimulus bill. Democrats are prepared to block Republicans from moving forward on a partisan coronavirus aid bill, the chamber’s top Democrat warned on Monday.
Any blockage of stimulus could increase worries over economic progress and therefore increase the dollar’s safe-haven appeal.
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