Tuesday, 08 Dec 2020 07:27 AM MYT
White House economic adviser Larry Kudlow yesterday said talks on another round of stimulus funding to deal with the deadly coronavirus pandemic are moving in the right direction, and President Donald Trump’s administration and Congress are getting closer to agreement. In addition, the Federal Reserve is expected to make more adjustments to its quantitative easing later this month.
Yet, it’s unlikely to be a straight line. US dollar cycles tend to last six years on average, and this one is just getting started,” he added. An index that tracks the dollar against a basket of currencies was little changed at 90.795, not far from 90.471, its weakest since April 2018.
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