Fixed Income And Currency Market

15 Feb 2021

USD weakens across the board on U.S. fiscal stimulus expectation

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USD came under pressure last week as market participants expect that the massive US fiscal stimulus is on its way shortly and amid the release of weak inflation data. The House of Democrats released the first draft text for the legislation that will make up the covid stimulus bill, taking the USD 1.9 trillion package a step closer to approval.

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Ketan Verma
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