Dollar Slipped While Euro Improved On Wednesday – Stocks Register

Dollar Slipped While Euro Improved On Wednesday

The dollar index resumed its slide on Wednesday on the currency markets, slipping 0.42% to 89.63 points, returning to its lowest since March 2018 versus a basket of six benchmark currencies. The euro rose to 1.2296 dollars, or 0.4 percent, the highest versus the greenback in two and a half years.

In the US government bond market, the return on the 10-year T-Bond declined 9 basis points to 0.9260 percent.

Markets in the United States continue to welcome the introduction of a new emergency relief package of $892 billion, which includes $600 in direct assistance to almost all Americans, as well as unemployment insurance for around 14 million unemployed and SME aid for virtually all Americans (paycheck protection program).

Some hoped, however, that the stimulus check could be lifted from $600 to $2,000, which Donald Trump (the Democrats’ unlikely ally on the issue) has called for. A bill to that effect was approved Monday by the Democratic-controlled House of Representatives, but Senate Republican Majority Leader Mitch McConnell turned down a vote in the Senate and repeated Wednesday that he saw “no realistic path” to bring the bill to a vote.

Satisfaction, notwithstanding the fact that on Tuesday the European Medicines Agency had stated that it had not yet obtained the vaccine authorization application list, which would postpone its acceptance in the European Union. In the meantime, the European Union has announced an additional order for 100 million doses of the Pfizer and the BioNTech vaccine, taking the overall order for the vaccine to 300 million.

In China, Sinopharm, a public laboratory, reported that its anti-Covid vaccine was 79.4 percent highly effective.

In the United States and Europe, the pandemic begins to recover strongly: Germany has counted more than 1,000 deaths in 24 hours for the first time, while France is planning to enforce a curfew from 6pm on 2 January in the regions where the pandemic circulates the fastest (particularly in the east of the country).

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