Adding to the uncertainty surrounding the US fiscal package, the White House Chief of Staff Mark Meadows doubted the American Senators’ ability to agree over the coronavirus (COVID-19) bill soon. Earlier during the day, the policymakers refrained from providing details on a deal to extend or replace the extra $600-per-week in payments to tens of millions of people who lost the job due to the pandemic.
Not very optimistic that we will have any kind of an agreement on a comprehensive bill in the near future.”
I’m not even optimistic about next week.
The news adds to the market’s risk-off mood and offers an additional burden on the US dollar. That said, the greenback gauge dropped to the fresh lows since May 2018 on Thursday.