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International Business Times
International Business Times
Business

Dollar Recovers Some Losses, Stocks Gain As Traders Eye Tariff Deals

Donald Trump US Federal Reserve the Federal Reserve Jerome Powell Scott Bessent Asia
Treasury Secretary Scott Bessent said the Trump administration had received 'very good' trade proposals as countries look to avoid steep tariffs (Credit: AFP)

The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities mostly rose as investors await the Federal Reserve's latest policy decision.

Oil also staged a comeback after tanking on news of an output hike by key producers that came despite growing concerns about demand and the outlook for the global economy.

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