Rep. US Senator Graham sees likely break in logjam over coronavirus bill; Vote on passage likely Wednesday night
|Republican USsenator Graham sees likely break in a logjam over coronavirus bill.
Key notes
- Vote on passage likely Wednesday night.
- Senators expect to begin voting within an hour or so on the massive $2T stimulus bill.
- Just minutes ago, Senate offices got the final text at 883 pages long. Earlier drafts had circulated today.
Market implications
We will see when this vote actually starts to take place as we have been here many times, however, it is risk positive while markets expect an outcome. USD/JPY is pressured in Asia despite a rise in US Emin futures for the S&P 500 of 1%. The voe cannot come soon enough, with potentially enormous weekly US initial jobless claims to appear in data due at 1230 GMT.
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