US Sen. Majority Leader McConnell: Signs of recovery reinforce argument for smaller COVID-19 aid

Eren Sengezer FXStreet

The signs of the economic recovery in the US reinforce the Republican argument for a small COVID-19 stimulus package, US Senate Majority Leader Mitch McConnell said on Friday, as reported by Reuters.

Market reaction

These comments don't seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was down 0.3% on a daily basis and the Dow Jones Industrial Average was losing 0.35%. Meanwhile, the US Dollar Index is currently falling 0.37% at 92.30.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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