There will be no agreement on a COVID-19 relief bill tonight, Nancy Pelosi said, reported by Politico.
NEW .. we just caught up w @SpeakerPelosi as she came off the House floor
— NO COVID AGREEMENT tonight. Pelosi ruled it out
— she said “I don’t know” when asked to opine about the odds for an agreement.
— Jake Sherman (@JakeSherman) October 1, 2020
DXY technical analysis
Meanwhile, the US dollar could be about to make a U-turn over the coming days, according to the above 5-wave analysis on the daily chart.
Fundamentally, ongoing uncertainty could trigger a more defensive approach in currency markets as hopes of any pre-election fiscal stimulus slip away.
Equity markets remain vulnerable.