Skip to main content

Stimulus Package Proposed By Democrats Gets Lukewarm Response From Republicans

Senator McConnell Weighs Stimulus Package and Debt
The Democratic Party in the United States recently proposed a stimulus package in the House. Senate Republicans have said that it probably will not pass the way it is written because they are worried about the budget implications and the national debt. What does this stance mean to the currency markets and the value of the dollar.

Time will tell how this will influence the foreign exchange market that has followed closely the major currencies central banks and governments plan on handling the economic fall out from the Coronavirus. The U.S. passed one stimulus package that was friendly to workers and business owners even though some businesses will be making a last ditch effort to survive.

President Trump is maneuvering his way through the crisis in his traditional laid back style that irks many U.S. citizens. It appears the Democrats are looking for the President to lead the country in a more balanced fashion in regards to his plans to reopen the country.

The Democrats are asking for a bit more money for workers. I have heard that other countries have spent more on citizens than the United States has. The past month has saw more investors buying commodity currencies against the dollar as the markets wait for round two of a stimukus package in the United States. Senator McConnell is against the proposal.


  1. It was a beneficial workout for me to go through your webpage. Wellington Tutoring It definitely stretches the limits with the mind when you go through very good info and make an effort to interpret it properly. I am going to glance up this web site usually on my PC. Thanks for sharing

  2. This is really informative blog for students, Wellington Tutoring keep up the good work.

  3. Very good stuff with good ideas and concepts, lots of great information and inspiration, both of which we all need, Palm Beach Tutoring helpful information.


Post a Comment

Popular posts from this blog

AudJpy Is In Play as The Japanese and Australian Economies Currencies Duel

The Japanese government led by Abe has been getting criticized for its handling of the Coronavirus but the forex markets do not seem to think that Japan has that big a problem on its hands. When compared to Australia, Japan looks to be in decent shape. It is important to note that the AudJpy has returned to its trend on the daily that has been going on for four days. So despite the fears in Japan of the Coronavirus getting out of control it appears that Australia might have a harder time of it from an economic stand point. No way to tell how long this will last but for now the AudJpy is looking like it could test lower territory. It could hit 72.00 in the next day or so. This analysis was done in the middle of New York Session.

Find Out What Pair The Bankers Are Trading Everyday- Delivered to Your Email

                   How is Forex trading going for you lately ? Probably not great, I know. I have a solution for you. Subscribe to my newsletter. Clifford Bryan is Managing Director of Grassroots Currency Speculation. Having graduated from Morehouse College at the age of 22, Mr. Clifford Bryan has more than 13 years of experience in the financial markets with a specific focus on currencies. His career started at Oanda where he worked on the interbank FX trading desk making markets in foreign exchange and later in the cross markets proprietary trading group where he traded FX spot. In 2003, Clifford joined Blueskimmer and started, a leading online foreign exchange research portal. As Chief Strategist, he managed a team of analysts dedicated to providing research and commentary on the foreign exchange market. In 2008, Clifford joined GRCS as Director of Currency Research where he provided research and analysis to clients and managed a global f…

Is the Vaccine Development Process for Coronavirus as Efficient As The Circumstances Imply

China has a big problem on their hands and if they do not cooperate with the rest of the world it might cost extra lives as countries race for a vaccine. Not long after the Coronavirus outbreak Chinese scientists loaded the genetic sequence for the virus to a public database. You have to commend them for that.

A company by the name of Moderna is using a technique called rapid response platforms to develop the vaccine. Moderna was up 20% today on Nasdaq trading.

The Japanese currency JPY has remained strong for the last week.