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The Dollar tumbled across the board on Wednesday after the Federal Reserve shocked financial markets with an emergency 50 basis point rate cut.It's the first unscheduled, emergency rate cut since October 2008, and it also marks the biggest one-time cut since then.According to the Fed, "the fundamentals of the U.S economy remain strong. However the virus poses evolving risks to economic activity”. This move is likely to open doors to further cuts in the future as the Fed attempts to shield the US economy from the negative impacts of the coronavirus outbreak.In regards to the... Read More
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