US Senate unanimously votes to extend small-business aid program through August

Dhwani Mehta FXStreet

Reuters is out with the latest headlines, citing that the US Senate unanimously voted late Tuesday to extend a $660 billion lending program, as it was due to expire.

The lending package is expected to help small businesses that have been hit hard by the coronavirus.

Next, the House of Representatives must also approve the extension, which would keep the Paycheck Protection Program operating through August 8, Reuters reports.

US dollar still on the defensive

After Tuesday’s sell-off, the US dollar bears take a breather kicking-off the third quarter amid a cautious risk tone. The above headlines fail to inspire the bulls, as the US dollar index trades flat at 97.32, at the press time.

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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