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The U.S. Dollar recovered against most major Forex markets this afternoon following overnight weakness. On Sunday night China announced a $586 billion economic stimulus package. This plan was aimed at boosting productivity in mainland China and served as a stimulant for renewed demand for commodities such as crude oil, platinum and copper. The announcement put early pressure on the Dollar as traders believed some global economies would benefit more than the U.S. from the impact of the Chinese investment. The lack of follow through to the upside during the U.S. trading session encouraged early buyers to take profits.
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