US Pres. Biden, House Speaker Pelosi push for infrastructure bill despite fears from Democratic agenda

Having been forced to call back the vote on the infrastructure and social spending bill, US President Joe Biden he’ll work like hell to get both an infrastructure bill and a multi-trillion-dollar social spending bill passed through Congress and plans to travel more to bolster support with Americans, per Reuters.

On the same line, Forbes said, “House Speaker Nancy Pelosi set a new deadline of October 31 for Congress to pass a $1.2 trillion infrastructure package, telling Democratic colleagues "it's about time!" to pass the legislation.”

However, Reuters came out with the comments from White House Advisor as saying, “Democrats will be disappointed as the party is forced to scale back President Joe Biden's sweeping infrastructure and social agenda amid opposition from Republicans and some moderate members of his party.”

FX implications

Hence, a mixed play is likely to keep the traders confused, as well as tight-lipped, amid an off in China that restricts Asia-Pacific moves by the press time.

Read: AUD/USD stays on the way to 0.7300 as RBA, US NFP week begins