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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.