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Senate approves Janet Yellen; first woman to be US treasury secretary

Senate approves Janet Yellen; first woman to be US treasury secretary Updated Jan 26, 2021; Posted Jan 26, 2021 President-elect Joe Biden, right, listens as Janet Yellen, who Biden nominated to serve as Secretary of the Treasury, speaks at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)AP Facebook Share WASHINGTON (AP) The Senate on Monday approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department’s 232-year history. Yellen, a former chair of the Federal Reserve, was approved by the Senate on a 84-15 vote, becoming the third member of Biden’s Cabinet to win confirmation. The 15 votes against her all came from Republicans.

Copper eases on U S stimulus uncertainty

Message : Required fields HANOI, Jan 26 (Reuters) - Copper prices edged down on Tuesday, hit by uncertainties about the outcome of a $1.9 trillion U.S. stimulus package proposed by new President Joe Biden, which is expected to boost demand for metals. Three-month copper on the London Metal Exchange fell 0.6% to $7,925.50 a tonne by 0730 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange ended down 0.6% to 58,470 yuan ($9,030.53) a tonne. Biden is pushing for a sweeping pandemic relief proposal, but Democratic Majority Leader Chuck Schumer warned a comprehensive deal may be four to six weeks away, as many Republicans have balked at the price tag.

Janet Yellen, 1st woman Treasury secretary, sworn in by Kamala Harris, first woman VP

Janet Yellen, 1st woman Treasury secretary, sworn in by Kamala Harris, first woman VP
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USD/CHF sits near four-day tops, bulls await a sustained move beyond 0 8900 mark

Jan 26, 2021 11:22 GMTFXStreet News USD/CHF added to the overnight gains and edged higher for the third straight day. A modest pickup in the USD demand turned out to be a key factor driving the major. Recoverin in the European equities undermined the CHF and remained supportive. The USD/CHF pair climbed to near one-week tops during the early European session, with bulls now awaiting some follow-through strength beyond the 0.8900 mark. A combination of supporting factors assisted the pair to build on the previous day’s positive move and edge higher for the third consecutive session on Tuesday. The US dollar was back in demand amid roadblocks for additional US stimulus measures, which, in turn, was seen as a key factor that provided a modest lift to the USD/CHF pair.

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