USD Begins Week with Offered Tone
The big dollar is coming under pressure at this week’s open, weighed down by the perceived risks and delays that are still holding up the Obama stimulus plan, as well as the new administration’s bank bailout package, in the Senate. The president is likely to receive the Republican support required to get his stimulus package through the Senate on a vote scheduled for tomorrow, but there will still be further delays, as the bill will have to be reconciled with that already passed by the House of Representatives two weeks ago. Though the finish line is in sight, the heel-dragging on the part of US lawmakers isn’t inspiring the dollar buyers to stick their necks out. Read Full Article »
