US Senate rejects GOP effort to overhaul jobless benefits in stimulus bill

Dhwani Mehta FXStreet

The vote on the four Republican Senators’ amendments to slash unemployment benefits has failed to pass, as widely expected.

By 48-48 voting, Senate rejected the GOP effort to overhaul jobless benefits in the stimulus bill.

US dollar reaction

The US dollar keeps the bearish momentum intact against its main peers, having failed to extend the recovery above 101.00.

The US dollar index now trades near daily lows of 100.71, down 0.30% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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