The dollar is weaker against the pound and the euro this morning as fresh hopes have arisen for a stimulus bill from Congress.
Talk that the Democrats in the House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on next week has helped decrease fears over the future of the US economy. However, there is still no guarantee that both sides will agree and the bill will be passed.
Disappointing jobs figures were released for the US yesterday, showing that the number of Americans filling for unemployment benefits rose by 870K in the week ended September 19th, higher than the previous week and above market expectations. Today, durable goods orders data will be released.
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