US Pres. Biden: 100 million stimulus checks will have been distributed by Wednesday
|In his latest press appearance, US President Joe Biden tried to restore investor confidence by conveying the government’s ability to send 100 million stimulus checks to the American nationals, as a part of the covid relief, by the end of Wednesday (per US time).
The Democratic Party member also said, “The US will have 600m doses of vaccine by the end of May.”
FX implications
Despite Biden’s upbeat efforts, global markets are in the sober mood as fears of a fresh wave of the virus-led lockdowns and mixed comments from the US Federal Reserve, not to forget the Western-China tussle, weigh on sentiment. Amid these plays, the Wall Street benchmarks turned south whereas the US 10-year Treasury yield dropped six basis points (bps) to retest a one-week low around 1.62% by the end of Tuesday’s North American session.
Read: AUD/USD: Consolidates heaviest drop in a month above 0.7600 even as risk-off prevails
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.