Forex Top Story

Dollar Loses Ground After Fed Announces Massive Stimulus

The U.S. dollar lost ground against its peers on Thursday after the Federal Reserve set up a $2.3 trillion stimulus program to support the economy amid the coronavirus pandemic.

The Federal Reserve said this morning that it will provide up to $2.3 trillion in loans to assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the irus pandemic.

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by RTTNews Staff Writer

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