The senate has approved the Bailout Plan by a landslide vote.
The EUR/USD has since bounced back from hitting the low of 1.3929 and seems the bears are gaining some of the momentum back. The GBP/USD looks very similar as we seem to be moving steadily up from the lows.
To find out what happens next for the U.S. Bailout Bill, read FX Street’s Marina Schiaffino and Mauricio Carrillo’s report about it.
We now turn our attention to the ECB rate decision set for Thursday. Most analysts predict that the ECB will hold borrowing costs at 4.25%. After that, of course, we have the U.S. Non-Farm Payroll numbers.
Be sure to trade the NFP live with FX Street’s Wayne McDonell. For more information, click here.
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