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The largest economy in the world is certainly not bulletproof against the novel coronavirus outbreak and this stark reality was reflected in the latest US initial jobless claims figures.A total of 6.65 million Americans applied for unemployment benefits last week which was double the previous record set at 3.3 million amid the widespread economic shutdown and chaos caused by the pandemic. These abysmal figures are painting a gloomy picture over how badly the coronavirus has hit the US economy with the pace of layoffs expected to accelerate as recession fears mount.The Dollar... Read More


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