The U.S. dollar was weak against most of its rivals on Tuesday, weighed down by a massive stimulus package signed by President Donald Trump.
The currency fell sharply in the Asian session after U.S. House of Representatives backed President Donald Trump's push for increasing the direct payments in the coronavirus relief package and sent the bill to the Senate.
However, it pared some losses as the session progressed following Senate Majority Leader Mitch McConnell, R-Ken., blocking an effort by Senate Minority Leader Chuck Schumer, D-N.Y., to unanimously approve the House bill.
The dollar index, which fell to 89.85, recovered to 90.01 by late afternoon, but was still trailing its previous close by about 0.36%.
The Euro and Pound Sterling, both gained in strength against the dollar earlier in the day, but gave up some points as the day progressed.
Against the Euro, the dollar was hovering around $1.2250, and against Pound Sterling, it was trading at $1.3500.
The Yen recovered after early weakness on Tuesday. A little while ago, it was trading at 103.56 a dollar.
For comments and feedback contact: editorial@rttnews.com
Forex News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.