Senior US Official: 'Real desire' by Congress to reach agreement on smaller stimulus deal

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Reuters reports comments from a senior US official, citing that he sees a 'real desire' by some Democrats and Republicans to reach agreement on smaller stimulus deal.

Smaller deal of around $500 billion between White House and Congress could include funding for postal service, other items, he noted.

US House of Representatives Speaker Nancy Pelosi said on Tuesday that Democrats in Congress are willing to cut their coronavirus relief bill in half to get an agreement on new legislation with the White House and Republicans, per Reuters.

US dollar licks its wounds

With the US fiscal stimulus hopes playing out in Asia, the US dollar has stalled its declines and attempts a tepid bounce against its main peers.

At the press time, the US dollar index trades modestly flat around 92.30, having bounced-off 27-month lows of 92.13.                     

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This is good news - hopefully the Democrats and Republicans sort out their differences real soon..for the benefit of the USD!