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Dollar Recovers After Initial Weakness

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The U.S. dollar recovered after early weakness on Wednesday, as crude oil prices recovered from recent big losses on short-covering and a much smaller than expected increase in gasoline inventories last week.

Traders also digested the news about the U.S. Senate passing a new bill to provide funding for hospitals and small businesses and expand coronavirus testing.

The $484 billion aid package was approved unanimously by the Senate and now heads to the House, which could approve the bill as soon as Thursday.

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