12/15/2020 9:01:18 PM GMT | By Joel Frank
NZD/USD is consolidating just beneath the 0.7100 level ahead of Q3 Current Account numbers.
NZD has benefitted from a broad risk-on wave on the back of stimulus hopes that undermined demand for USD.
NZD/USD has put in a solid performance thus far this Tuesday, and currently trades just to the south of the 0.7100 level. At present, the pair is trading with gains of around 20 pips or just under 0.3% on the day.
NZD boosted in tandem with other risk assets
Its been a risk-on day, with gains in the likes of USequities (the S&P 500 is trading over 1% higher) and crude oil markets (WTI is also trading over 1% higher) being driven by hopes that the US lawmakers can agree a deal on further Covid-19 in crunch talks which are slated to begin at 21:00GMT.
Share on Twitter
US Senate Majority Leader Mitch McConnell, a Republican, on Tuesday congratulated Democratic President-elect Joe Biden and Vice President-elect Kamala Harris on their 3 November election victories, ending his long silence on the outcome of the presidential race.
In remarks on the Senate floor, Mr McConnell acknowledged the Democrats’ win of the White House following Monday’s formal result issued by the Electoral College.
In a nearly 10-minute speech that mainly praised Republican President Donald Trump’s tenure in office, Mr McConnell closed by saying: “Today I want to congratulate President-elect Joe Biden,” adding that “he has devoted himself to public service for many years.”
Senate Leader McConnell congratulates President-elect onenewspage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from onenewspage.com Daily Mail and Mail on Sunday newspapers.
Biden to stump in Georgia runoffs, top Senate Republican ends silence on US election result
Top Searches
This story is from December 15, 2020
Biden to stump in Georgia runoffs, top Senate Republican ends silence on US election result
Reuters / Dec 15, 2020, 22:51 IST
FacebookTwitterLinkedinEMail
A day after the Electoral College confirmed President-elect Joe Biden s victory, he is set to travel to Georgia on Tuesday to campaign for two Democratic US Senate candidates whose Jan. 5 runoff elections could make or break his domestic policy agenda.
Just ahead of Biden s trip, US Senate Majority Leader Mitch McConnell, the top Republican in Congress, ended his silence on the Nov. 3 election results by congratulating Biden and Vice President-elect Kamala Harris.
McConnell congratulates Biden, warns Senate Republicans not to reject president-elect s victory
CNBC 12/15/2020
Senate Majority Leader Mitch McConnell explicitly acknowledged Joe Biden as president-elect for the first time.
Numerous Republicans had not recognized the Democrat s presidential race victory for weeks as President Trump made baseless claims that widespread election fraud cost him a second term.
Trump has vowed not to concede to Biden and continues to spread false allegations after the Electoral College vote.
McConnell later warned Republicans in his conference not to object to the Electoral College outcome when Congress affirms Biden s victory on Jan. 6, multiple sources told NBC News.