The dollar is weaker this morning as hopes have increased for a stimulus bill from Congress. The bill will supply extra aid for the US economy in the midst of the pandemic.
After pressure from a string of negative opinion polls, President Trump has said that he will agree to a large aid package. House Speaker Nancy Pelosi and Treasury Secretary, Steven Mnuchin are due to continue talks today.
Data released yesterday shows that the number of building permits issued in September rose to a 13-year high, the highest level since March 2007. This could possibly be due to pent up demand as a result of the pandemic.
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