US President Donald Trump introduced a $2 trillion bill to help the economy two weeks ago which passed the Senate. That was a record stimulus package, but it seems like it might not be enough. Or at least, Democrats want to throw more money at the economy.

Schumer said a while ago that Nancy Pelosi will move to pass another bill with broader relief measures after Congress passes interim emergency coronavirus bill. The USD turned quite bearish on the $2 trillion bill, so let’s see if it will decline further on the new stimulus package, if it passes though.

Schumer’s Comments

• To seek $250 billion in assistance to small businesses
• To seek $100 billion for hospitals, community health centers and health systems
• To seek $150 billion for state and local governments to manage virus crisi

Comments by New York mayor, Bill de Blasio

• The rate of people needing ventilators is declining
• Now we have enough ventilators to get through the week
• There is no question the virus is driving a spike in deaths at home
• Says that more can be done in minority neighbourhoods on the virus
• Says must be certain not to have a ‘false dawn’ on the virus trend