Investors in the currency market are cautiously trying to gauge the effect of the new $1.9 trillion bailout package approved by U.S. lawmakers yesterday.
Earlier in December, a $0.9 trillion economic support package was approved, after $2.2 trillion in March 2020. Democrats are not stopping there, having already started work on another stimulus, this time for China's economic fight.
All of these measures promise to speed up the U.S. recovery. However, it would be too naive to believe that such a lavish cash handout will not come without consequences for the dollar.
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