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Market Update

USD Declines Across the Board

The US Dollar (USD) declined on Tuesday amid increased concerns about the COVID-19 pandemic and uncertainty about the upcoming elections and a new economic stimulus package. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.41% at …

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Trump Supports $2.2 T COVID-19 Relief Spending

The President of the United States, Donald Trump, said on Tuesday that he supports a new comprehensive COVID-19 stimulus package worth more than $2.2 trillion. This comes despite opposition by the Republican majority in the Senate. The White House originally proposed $1.8 trillion in relief funds, while the Democrats want …

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