|Pairs||Federal Reserve as of 18 December 2020||OANDA as of 18 December 2020||OANDA as of 28 December 2020|
Legal/Political Event Impacting Foreign Exchange Rates
Trump signs pandemic relief package
Yesterday, President Donald J Trump reluctantly signed into law a $900 billion pandemic relief package with a core provision of a $600 payment to eligible taxpayers. Mr Trump advocated for increasing the payout from $600 to $2,000 for eligible taxpayer. In his statement Mr Trump promised to continue his fight for the increase as the Democratic-controlled House is expected to vote today on increasing the amount. Resistance to an increase is expected in the Republican-controlled Senate.