The dollar appears weak, ignoring President Trump's rejection of an important part of the stimulus bill as President Donald Trump said the congressional relief package is a "stain" - a special reference to checks sent to all Americans, the most symbolic part of the 900 billion package. Dollars: Currently the US President wants to raise it from $ 600 to $ 2000.
House Democrats
support the extra money, putting Republicans in a dilemma. Trump has not stated
that he will veto the hard-won bill but the uncertainty has affected the
markets however, the US dollar is retreating from the highs.
Covid 19:
Scientists seem to
agree that vaccines will work against the new coronavirus variant discovered in
the United Kingdom, easing the mood of the market, while Pfizer stated that if
necessary, it can amend the new vaccine within six weeks.
Brexit
The chief negotiator
of the European Union, Michel Barnier, said the talks were at a "critical
stage" with eight days remaining until the end of the transition period.
It bargains the member states and the UK to an arrangement over the fish. Some
are speculating that a deal could be reached on Wednesday, while a postponement
or Brexit is also unavailable.
Christmas
is at the center of a crowded economic agenda
The economic calendar
on Christmas Eve is very crowded. Weekly jobless claims are set to remain at a
high of 885,000 for another week. The durable goods orders numbers for November
are expected to show a moderate increase. On the other hand, both personal spending
and personal income are expected to decline last month.
Analyzes provided by ( BINFXO BANK ) in collaboration
with ( BE IN
MARKETS ) and ( DR H M YOUNES )
0 Comments