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Trump's Near Zero Rates Failed to Pacify Global Equities

Mar 16, 2020 04:57 PM
Trump's Near Zero Rates Failed to Pacify Global Equities Africa Business Radio, Interest Rates, US Fed Reserve, United States, Africa Business News, New Zealand, Global Equities, US Stock Futures

Global stocks were slammed on Monday and the United States dollar was battered after emergency rate cuts in the US and New Zealand and a series of steps by policymakers worldwide failed to stem the rout in markets spooked by the broadening fallout of the coronavirus. US stock futures plunged 4.8 percent to hit their lower limit allowed by regulators before daybreak in Singapore. The US dollar sank more than 2 percent against the yen.

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