
Dollar Index rebounded in European session, ranging around 96.5
US President Trump is considering to launch a series of fiscal stimulus packages. Although there are no more details, investors are expected the US economy, to a certain extent, still buffered by the impact of the current epidemic. On the other hand, the market expects the Fed to further cut interest rates by another 50 basis points. However, the dollar has no more decline so far, which imply that it may be priced in. Some investors believe that the US economy is still relatively stable compared to other economies, and the dollar has its own advantage.