Asian markets fall as virus surge leads to new lockdowns afghanistannews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afghanistannews.net Daily Mail and Mail on Sunday newspapers.
Dec 15, 2020 20:12 GMTFXStreet News
USD/CAD has dropped below the 1.2700 level for the first time since April 2018 in recent trade.
US fiscal stimulus hopes appear to be behind a broader risk on move that has driven downside in the pair.
Looking ahead, loonie traders are on notice for BoC speak from Governor Tiff Macklem at 19:30GMT.
USD/CAD has been pushing to the south on Tuesday and dove to fresh yearly lows beneath the 1.2700 level in recent trade. An increasingly risk on market feel, as well as technical selling has been driving the pair lower. USD/CAD now trades pretty much bang on 1.2700 with losses on the day of around 60 pips or 0.5%, with the pair having now completed a 100 pip reversal from Monday highs and trading at its lowest level since April 2018.
Lawmakers Push Bipartisan US Stimulus Plan To Break Stubborn Deadlock By Chris Stein
12/14/20 AT 8:41 PM
US lawmakers on Monday introduced a pair of stimulus proposals costing $908 billion that have the support of Democratic and Republican lawmakers and represent a final push to get new aid for the pandemic-ravaged economy approved before Congress heads home for the holidays.
The bills would fund programs to help the unemployed, small businesses and state and local governments while offering liability to some employers, but their chances for passage in the final weeks of President Donald Trump s term remain unclear. We have people hurting right now. We have an emergency, so let s do what we need to do to take care of the emergency, Republican Senator Mitt Romney said in a press conference announcing the plans.
Biden in Georgia: ‘What’s the United States Senate doing? Nothing.’
Updated Dec 15, 2020;
Posted Dec 15, 2020
In this photo provided by the New York Stock Exchange, socially distanced traders work on the floor, Tuesday Dec. 15, 2020. Stocks on Wall Street are making another run at breaking their losing streak, climbing on Tuesday as negotiations drag on in Washington on whether to deliver more support for the economy. (Colin Ziemer/New York Stock Exchange via AP)AP
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President-elect Joe Biden told Georgia voters on Tuesday that they must deliver two Democratic Senate runoffs victories in January so his administration can forcefully confront the coronavirus pandemic and other national challenges.
Biden tells Georgia that GOP Senate would block his agenda gazettetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazettetimes.com Daily Mail and Mail on Sunday newspapers.