The US Dollar continues to lose ground to other major currencies during early Friday trading, as the markets price in the changing political landscape in Washington. It is now beyond any reasonable doubt that President-elect Joe Biden will be sworn-in on January 20. The new administration has ambitious stimulus plans for the US economy and the first year of the incoming President’s mandate is likely to be marked by a coordination of market-friendly fiscal and monetary stimulus, which is likely to keep the greenback under pressure.
