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Early Wednesday morning in Asia, the US House Speaker Nancy Pelosi crossed wires, via Reuters, while pouring cold water on the face of expectations that the American Senators will soon roll out the much-awaited fiscal package. On Tuesday, the Republicans tabled a proposal of a $1.0 trillion aid package as a part of the phase 4 coronavirus (COVID-19) bill. The same requited Democrats’ approval.

Key quotes

Does not believe Senate majority leader McConnell ready to make an agreement on coronavirus aid.

FX implication

With the latest comments renewing the uncertainty over the US fiscal plan and dimming the market’s optimism, the risk-barometer AUD/USD eases from 0.7160 to 0.7155.