In an interview with CNBC on Thursday, US Treasury Secretary Steven Mnuchin said that “It will be difficult to reach an agreement” for more fiscal stimuli to alleviate the impact of the coronavirus, as reported by Reuters.
“Politics stands in the way of the coronavirus aid bill,” Mnuchin said. He indicated that the president is committed to continuing to work to reach an agreement. He indicated that they will continue negotiating until an agreement is reached.
The lack of an agreement for the introduction of new stimuli is one of the factors that is putting downward pressure on stock markets throughout the world. This drives up the demand for dollar.
Credits: Forex Street