The dollar gave up most of
its early losses on Tuesday as investors waited on a Senate
stimulus bill meant to blunt the economic impact of the
spreading coronavirus, and after U.S. President Donald Trump
pressed his case for a re-opening of the U.S. economy by
Senior Democrats and Republicans said on Tuesday they were
close to a deal on a $2 trillion coronavirus economic stimulus
package, raising hopes that the divided U.S. Congress could soon
act to try to limit the pandemic’s economic fallout.
There is mounting frustration among some politicians that
businesses are closing to stop the spread of the virus, which is
leading analysts to predict the nation will see the worst
recession since the Great Depression.
At the same time, many investors think markets and the
economy will not be able to stabilize until the worst