U.S. President-elect Joe Biden proposed a $1.9 trillion Covid-19 relief plan that include stimulus checks and funds to fight the pandemic.
Elsewhere Federal Reserve Chairman Jerome Powell reiterated the Fed’s dovish stance and said policy makers would “let the world know” well in advance of any decision to taper bond purchases.
The U.S. dollar was little changed following Biden’s spending-bill proposal and much seemed to be priced in referring to the muted market reaction.
Let’s see whether we will see some more volatile movements today.
Have a wonderful weekend!
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