fxstreet.com 03 Feb, 2021 11:15 am

America's stimulus package to weigh on the cable

America's stimulus package to weigh on the cable
The US dollar is gaining ground as President Biden may eventually pass a large stimulus bill and yields are rising. Meanwhile, America's vaccination c

The US dollar is gaining ground as President Biden may eventually pass a large stimulus bill and yields are rising.Key quotes “The US dollar has been gaining ground as investors sell Treasuries in response to higher prospects of a generous relief package.Meanwhile, America's vaccination campaign is catching up with Britain's, also supporting the greenback and weighing on GBP/USD, FXStreet’s Analyst Yohay Elam reports.” “America's economy is getting a shot in the arm from a ramped-up vaccination campaign.

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