EUR/USD Exchange Rate Steady as US Markets Await News on Stimulus
The Euro to US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently fluctuating around $1.19.
US markets are awaiting the final verdict from the US House on President Joe Biden’s whopping $1.9 trillion stimulus package.
As a result, the USD/EUR exchange rate has held steady, with global markets remaining cautious as the stimulus plan arrives at its final critical stage.
OECD Chief Economist Laurence Boone commented:
‘This will not only boost the U.S. economy, but it will fuel global growth through increased demand in the U.S. and from the U.S. to the rest of the world.’
US Senate passes $1 9trn relief bill
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Senate Passes $1 9 Trillion Relief Bill After Marathon Votes
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By Reuters Staff
(Adds analysts, background, details)
LONDON, March 2 (Reuters) - El Salvador sovereign dollar bonds jumped as much as 1 cent, with many issues trading at their highest in a year on Tuesday after President Nayib Bukele declared a major victory in legislative elections.
Longer-dated issues chalked up the biggest gains, with the 2032 and the 2052 issues adding 1 cent on the dollar to trade around 102.7 cents and 107.5 cents respectively, Refinitiv data showed.
Bukele cited projections that his party and allies won more than two-thirds of seats in what would be the biggest majority in the history of the nation’s Congress.