The stock market recorded good performance even though the US dollar bill was initially weak which put pressure on the US dollar.
The American economy is still dealing with the pressure following the impact of the increasing pandemic of Covid-19 causing market players to be in doubt and the kingdom must provide swift response to curb the spread of Covid continues to impress the economy.
The US dollar index, which measures the greenback against the major currencies, showed a 0.14% shrinkage in the exchange rate of 91,168 by 11.10 p.m.
The focus of the market now rests on the testimony of the second time the director of the Rizab Fellowship Jerome Powell and Setiausaha Treasury on Capitol Hill.
The two employees are expected to package their income now to the Congress regarding the status of funding provided through the CARES Deed which aims to get graduates of stimulus packages.
On the other hand, the pound currency is still shrinking compared to the US dollar following doubts about the Brexit issue. However, Britain became the first western country to receive the Covid-19 vaccine, ahead of the United States and Europe after the Medical and Health Products Control Agency (MHRA) released the Pfizer-BioNTech vaccine today, after proving it is safe for use.
