AUD/USD jumps over 10 pips to 0.7605 as S&P 500 futures rise. President Trump signed the coronavirus relief bill, pushing risk assets higher. The Aussie dollar picked up a bid around 1:05 GMT, pushing AUD/USD back above 0.76 from 0.7590 after reports of President Trump signing the much-anticipated coronavirus relief bill hit the wires. President Trump signed a $2.3 trillion package, combining Covid-19 relief with government funding, restoring enhanced unemployment assistance that expired Sunday, and authorizing $600 in direct payments to Americans. The stimulus package was approved by the House and Senate by large margins last week. However, initially, Trump opposed the package and demanded larger relief checks and scaled-back spending. Trump’s change of heart is currently boding well for the AUD and other risk assets. The futures tied to the S&P 500 are now up over 0.3%. The dollar index, which tracks the safe-haven greenback’s value against majors, is seen at 90.23 versus 90.35 early today. It remains to be seen if the risk-on mood sustains as many economists believe the bill’s financial aid should be higher to get the economy moving again. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Price Index: DXY bears cheer Trump’s signing of stimulus FX Street 1 year AUD/USD jumps over 10 pips to 0.7605 as S&P 500 futures rise. President Trump signed the coronavirus relief bill, pushing risk assets higher. The Aussie dollar picked up a bid around 1:05 GMT, pushing AUD/USD back above 0.76 from 0.7590 after reports of President Trump signing the much-anticipated coronavirus relief bill hit the wires. President Trump signed a $2.3 trillion package, combining Covid-19 relief with government funding, restoring enhanced unemployment assistance that expired Sunday, and authorizing $600 in direct payments to Americans. The stimulus package was approved by the House and Senate by large margins last week. However, initially, Trump… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
