The dollar is weaker this morning as treasury yields, which have been supporting the dollar over the past week, have now retreated somewhat.
Democrats aim to approve their $1.9 trillion coronavirus relief plan by next week. The House have already approved a version of the legislation but will likely have to vote again after the Senate approves changes in the coming days. It’s thought that the Senate could approve the plan by Friday or Saturday.
It’s a busy day for data releases in the US, with PMI data this afternoon and speeches from Federal Reserve officials later.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
