The dollar is slightly weaker this morning due to improved risk sentiment. After stock market volatility last week due to the swings in GameStop and other stocks, there are hopes that things will settle this week.
Biden’s $1.9 trillion pandemic relief package is still yet to be approved as a group of Republican senators are urging the President to reduce the price tag to $600 billion. These senators have asked to meet Biden in the coming days. However, Biden has stressed the need to pass this bill quickly, which could be done without bipartisan support.
A series of PMI data will also be released for the US this week, as well as Non-Farm Payrolls on Friday. These figures should paint a picture of how the US economy fared in January.
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