The US Senate Democrats on Thursday took a major procedural step toward approving the $1.9 trillion coronavirus relief package. US Lawmakers are on track with their goal of passing the bill by this weekend. However, Republican opposition will likely slow the process. nevertheless, the US Democrats hope to get the bill to President Joe Biden’s desk before the $300 per week unemployment insurance boost and programs extending benefits to millions of more people formally expire on March 14. After the Senate passage of the plan, the House plans to approve it by the middle of next week. Democrats could pass the bill on their own in the Senate, with Harris breaking a tie. Market implications Equity markets need a lifeline, and this could also be detrimental to the US dollar going forward. For now, however, the market is pricing at higher rates which are supporting the greenback. 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 AUD/USD: Risks further downside despite holding 0.7700 after Powell-led losses FX Street 1 year The US Senate Democrats on Thursday took a major procedural step toward approving the $1.9 trillion coronavirus relief package. US Lawmakers are on track with their goal of passing the bill by this weekend. However, Republican opposition will likely slow the process. nevertheless, the US Democrats hope to get the bill to President Joe Biden's desk before the $300 per week unemployment insurance boost and programs extending benefits to millions of more people formally expire on March 14. After the Senate passage of the plan, the House plans to approve it by the middle of next week. Democrats could pass… 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.
