- USD/JPY Hits 6-Month High
- EUR/USD Hit By Drop In German Yields
- Strong AUD Problem For RBA
- CAD Resumes Rally Ahead Of Q4 GDP
There are a lot of reasons for investors to be optimistic this month. Spring is right around the corner, and the warmer weather will bring restaurants out of hibernation and provide a more supportive environment for outdoor dining. Congress is also widely expected to pass the $1.9-trillion stimulus bill this month. The bill has been approved by the House and handed off to the Senate. Democrats are expected to abandon their push for a $15 minimum wage in the hopes that a deal can be done. The clock is ticking with millions of Americans set to lose their extra pandemic unemployment benefits on March 14, so Congress needs to approve a deal quickly.