The dollar suffered at the end of last week due to a mixture of rising COVID-19 cases, US-China tensions and a delay in the stimulus package bill. It is still weak against both the pound and the euro this morning.
Talks regarding the new US stimulus package had been met with challenges. However, Senate Republicans are expected to introduce their long-awaited, proposed stimulus package today. The package is likely to include additional aid for small businesses and more provisions to help unemployed people across the country.
There are several data releases scheduled for the US this week, as well as the Federal Reserve’s latest decision on interest rates. Considering that cases across America are rising, it will be interesting to see what the Fed propose to help the economy.
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