Similar to the $1.9 trillion stimulus plan signed only a few weeks ago – Biden’s new package will involve pumping hundreds of billions of dollars into improving the nation’s aging roads, bridges, schools, railways, waterways, airports and cellular network.
During the second part of Tuesday’s trading, the yellow metal’s price reached the resistance zone just above the 1,745.00 level.
If the SMA provides enough support for the price to push through the resistance of the zone above 1.745.00, the metal could test the resistance of the March high level near 1,755.00.
The US dollar found some support from a modest uptick in the US Treasury bond yields and for now, seems to have stalled its recent corrective slide from four-month tops.
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The Ripple price had one of the craziest rallies in the past three days, jumping by 100% to a three-year high of $1.19.
Welcome to FXStreet’s Live Market analysis blog for April 7.
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