Investing.com investing.com 30 Dec, 2020 02:30 am

Dollar Down, Hopes for Further U.S. Stimulus Up Even After Stimulus Checks Delay By Investing.com

Dollar Down, Hopes for Further U.S. Stimulus Up Even After Stimulus Checks Delay By Investing.com
Dollar Down, Hopes for Further U.S. Stimulus Up Even After Stimulus Checks Delay

stimulus checks and continuing to bet that additional financial aid is still likely.The House of Representatives approved increasing the amount of the stimulus checks from $600 to $2,000 earlier in the week.Although the size of the stimulus checks remains in question, some investors warned that the dollar is likely to continue falling in 2021 as they President-elect Joe Biden to roll out further stimulus measures.The last-minute infighting still did little to quench hopes of more fiscal stimulus measures, as the U.

controls COVID-19 in 2021 as well as the outlook for further fiscal stimulus,” the note added.Another factor dampening dollar sentiment is investors’ expectations that the Federal Reserve will maintain low interest rates for an extremely long period of time.

Read full story at investing.com