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The $1.75 Trillion Social Security Bill Introduced By The Biden Administration May Not Pass The Senate

The administration of US President Biden has pushed for the $1.75 trillion "Build Back Better" social security bill. As Democratic Senator Manchin came to express his opposition, he may not be able to pass the Senate. In addition, the variant virus Omicron is raging in the United States, and more than 70,000 new coronavirus cases are diagnosed daily. This has aggravated the market’s concerns about the US economic growth or further slowdown, or dragged down the Fed’s tightening of policies and interest rate hikes, thus causing the performance of the dollar is affected.
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