The US dollar finished little changed against the euro yesterday, amid signs the US Senate and House of Representatives will be able to bridge their differences over the economic stimulus plan. Congress and the Obama administration reached a deal on Wednesday on a $789 billion package that would mix tax cuts and new government spending in an effort to rescue the faltering US economy. Votes on the final stimulus bill could come as early as Thursday.
Wall Street stocks rose on the news late in the New York session amid rising risk appetite, reducing some demand for the dollar as a safe-haven currency. Prior to the announcement, the dollar had been trading higher as investors had sought its safety amid market volatility.
In the US today Retail Sales and jobless claims data are due this afternoon, while industrial production figures are released in the eurozone this morning.
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