The US President-elect is addressing the nation on how his administration will turn the page on the COVID-19 crisis and begin to recover as a nation. The details were mostly already known, as follows: Outline of the plan Plan will include $2000 direct payments. Includes more vaccines and virus testing. Will include aid for state and local governments. An extension of supplemental federal unemployment benefits. More help for renters. Money for schools to open. Additional information $350 billion to states for front line workers, $50 billion in expanded testing, $160 billion for national vaccine program. $1tln in ... (full story)

The dollar index trades largely unchanged on the day near 90.25. The US President-elect Joe Biden unveils the coronavirus rescue plan, promises support to small businesses. The dollar index, which tracks the greenback's value against major currencies, is barely moving in response to the US President-elect Joe Biden's ongoing unveiling of the aggressive coronavirus rescue plan. "We have to act...and we've to act now, that's what economists are telling us," Biden said a few minutes before press time while stressing the need to reduce the economic gap between the top 1% of the American economy and workers. (full story)