US Pres. Trump: Administration, Democrats far apart on coronavirus relief bill

US President Donald Trump noted on Wednesday that his administration and Democrats are still far apart on the coronavirus relief bill, as reported by Reuters.

On the same note, White House chief of staff Mark Meadows said on Tuesday that Democrats were unwilling to negotiate down their demand for extending the $600/week supplemental unemployment benefit.

Market reaction

The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, edged lower in the last minutes and was last seen losing 0.25% on a daily basis at 93.50.

GBP/USD Price Analysis: Bulls remain in control, fast approaching 1.3000 mark

The GBP/USD pair built on its recent bullish break through the very important 200-day SMA and shot to the highest level since March 10 on Wednesday. L
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US Dollar Index stays depressed around 93.50, looks to the Fed

The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rivals, remains under pressure in the area of 2-year lows around 93.50.
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