Investing.com investing.com 30 Dec, 2020 06:15 am

Dollar trampled as riskier assets rally on U.S. stimulus hopes By Reuters

Dollar trampled as riskier assets rally on U.S. stimulus hopes By Reuters
Dollar trampled as riskier assets rally on U.S. stimulus hopes

Senate Majority Leader Mitch McConnell on Tuesday blocked immediate consideration of a measure to increase COVID-19 relief payments to $2,000, adding another twist to fractious negotiations over fiscal stimulus.largely depends on how well the United States controls the virus in 2021 as well as the outlook for further fiscal stimulus.government will keep rolling out fiscal stimulus in some form because a second wave of coronavirus infections is becoming a big threat to the economy.While the size of relief payments is still uncertain, many analysts say the dollar is likely to weaken further next year because President-elect Joe Biden is expected to push for even more economic support measures.

aid package, but many analysts say the U.Federal Reserve will keep interest rates low for an extremely long time, many analysts say.

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