Breaking: President Trump signs coronavirus relief bill

FXStreet Team FXStreet

An article by New York Post cites CNN as saying that President Trump has signed a $2.3 trillion COVID-19 relief and government funding bill that includes $600 stimulus checks for most Americans.

Key points (Source: New York Post)

The bill authorizes direct checks of $600 for people earning up to $75,000 per year.

The bill creates a new $300 weekly unemployment supplement and replenishes a forgivable loan program for small businesses.

There’s an additional $600 per child stimulus payment.

The news could put a bid under risk assets and weigh over the safe-haven US dollar.

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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