The US Senate approved in the closest possible way a resolution on government spending, in which it expresses support for the allocation of $1.9 trillion for measures related to the fight against coronavirus. Direct payments to Americans of $1,400, increased federal unemployment benefits, billions of dollars to support vaccination campaigns will push the market to another new height.
Chuck Schumer, chef of democratic Senate, named approval of fiscal stimulus in Congress as "the first big step in getting our country back on the road to recovery." Republicans see the volume of the planned stimulus package as excessive, with some proposing a set of measures worth a total of $ 618 billion a few days ago.
On the other side, the Senate refused Biden’s proposal to increase in the federal minimum wage. The president proposed to more than double minimum wage to $15.
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Performance of DXY (Tradingview.com)