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US House passes $2.2 trillion coronavirus bill, sends it to President Trump

The US House of Representatives approved the coronavirus stimulus package worth $2.2 trillion on Friday. The bill is now sent to US President Donald Trump for signing.

Earlier in the day, markets were concerned about the bill's passage after Republican lawmaker Thomas Massie voiced his opposition against it.

Market reaction

Wall Street's main indexes recovered modestly but remain on track to post large daily losses after closing the previous three days with strong gains. As of writing, the Dow Jones Industrial Average was down 2.4% on the day while the S&P 500 and the Nasdaq Composite were both erasing 2.1%.

USD/CHF hits ten-day lows near 0.9550 as the greenback remains under pressure

The USD/CHF pair is falling for the fourth consecutive day amid an ongoing sell-off of the US dollar. The DXY approached earlier on Friday the 100.00
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EUR/JPY Price Analysis: Euro bounces and challenges the 120.00 figure

EUR/JPY is easing from March’s highs while rebounding from the 119.00 figure and settling near the 200 SMAs.
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