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Greenback Awaits Corporate Earnings
The US index saw little change at the start of the trading week as it closed 0.03% lower on Monday.
Investors are reacting to the deadlock to impose further stimulus before the Presidential Election. The White House, House of Representatives, and Senate have all disagreed on the amount of funding.
As a Biden victory looks more likely, this could spur on the dollar as it would sharply raise the probability of a fiscal package being agreed upon.
As the corporate earnings season beings, the greenback will be looking for some positivity from some of the largest publicly traded companies.
ECB Pushes to Keep Up Fiscal Support
The euro finished indecisively yesterday, after Germany’s Wholesale Price Index for September failed to impress.
As the eurozone’s largest economy shows signs of waning, investors have remained cautious. This comes as the COVID-19 infection rate continues to rise throughout much of Europe.
In addition, ECB President Lagarde has also ...
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