This article was first published on Orbex Forex Trading Blog.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
US Stimulus Hopes Alive
The US index slipped another 0.30% on Monday as it once again failed to an attempt at the 91 handle.
The recent bipartisan covid-19 relief plan is said to be split into two packages to win approval after weeks of deadlock, weighing in on the greenback.
One bill will allocate about $748bn to small business loans, jobless benefits, and vaccine distribution. Another bill will allocate more than $160bn to state and local governments that are currently struggling.
In addition, Joe Biden has said it is time to turn the page after validation of his Presidential victory.
How much more can the index take, as it falls back to multi-year lows?
Industrial Production Immune to Second Wave
The euro closed indecisively yesterday as further covid-19 restrictions weighed in on sentiment.
Some countries that have been forced to go into full lockdown before the holiday period could see the pair lose its bullish stance.
However, the eurozone industrial production data remained stro...
To keep reading this article, please navigate to: Orbex Forex Trading Blog.