Down, Trump signs $ 2.3 billion COVID-19 aid and spending package through Investing.com

By Gina Lee

Investing.com – The dollar was lower in Asia on Monday morning, picking up the news that US President Donald Trump has signed a COVID-19 bill.

The depreciation of the greenback against a basket of other currencies decreased by 0.15% to 90,122 at 12:09 ET (05:09 GMT). It has changed little after seeing a three-day slide.

Trump tweeted, “Good news about COVID relief bill. Information to follow! Before announcing earlier in the day that he had signed the $ 2.3 billion COVID-19 aid and spending package. It follows the passage of the bill in the House of Representatives and the Senate last week and averted a partial strike by the federal government.

Congress will also vote on raising the stimulus checks in the bill to $ 2,000 from the current $ 600. The ‘meager’ amount was why Trump threatened to withhold his signature.

The pair fell 0.06% to 103.54. The Bank of Japan’s summary of opinions expressed during the December rate review earlier this month showed that policymakers are divided on how far they should go to examine the rate of return control, and some are calling for a comprehensive review of the framework. .

The pair rose by 0.13% to 0.7609 and the pair by 0.03% to 0.7125. Markets in both Antipodic countries were closed for a holiday.

The pair decreased 0.14% to 6.5316.

The pair rose 0.13% to 1.3565. The pound rose to a two-and-a-half-year high during the session, still glowing from the post-Brexit trade agreement reached between the United Kingdom and the European Union (EU) last week.

The deal comes before the year-end deadline and gives investors some relief before the Christmas holidays. However, the agreement does not cover the UK financial sector, and the bare legs of the agreement could leave the UK even more detached from the EU.

The EU has yet to decide whether the UK will grant access to its financial market. This could mean that the rebate that has boosted UK assets since he voted to leave the EU in 2016 will continue until 2021.

The euro fell 0.10% to $ 1.2199, further retreating from the two-and-a-half-year high of $ 1.2273 seen earlier in the month.

Some investors remained bearish on both the pound and the euro.

Daiwa Securities FX strategist Mitsuo Imaizumi told Reuters he expects the pound and the euro to fall further against the dollar and reach $ 1.30 and $ 1.15 respectively by the end of the summer.

‘Regardless of the Brexit agreement, the cable will be off. It is to buy the rumor, to sell the fact, ”he said.