The purpose of the stimulus package by the United States government is to revitalize the economy. Therefore, once this stimulus package is successfully passed, it is likely that the US economy will return to active activity after being severely affected.
Theoretically, the injection of money into the market will weaken the value of the currency for the short term. But if this stimulus package manages to generate the economy to the optimum level, the value of the currency will return strong.
Specifically, the value of the US Dollar is currently weak against several other major currencies such as the Euro, Pound, Australian Dollar and New Zealand Dollar. There will most likely be a retracement in some pairs such as AUD / USD and NZD / USD as the price approaches the important resistance level of the price.
US DOLLAR HAVE POTENTIAL TO DO SOME CORRECTION MOVE
ACCESS THE FINANCIAL MARKETS ONLINE ANYWHERE ANYTIME
It takes a few minutes to enter the exciting world of trading
FED Meeting Minutes Published This Week, Dollar Strengthening Pauses
Markets This Week: Stock Markets Will Continue To Be Turbulent, US Dollar Strengthens And Gold Prices Possibly Continue To Plunge
The Current U.S. Inflation Rate Is The Main Focus of The Market This Week
Asian Stocks Strengthen, Japan’s Economy Contracts in First Quarter of 2021