US dollar slides as Trump's virus response disappoints

Thu, Mar 12, 2020 - 1:27 PM

The dollar slid in another seismic shift to price in more US interest rate cuts on Thursday, after President Donald Trump disappointed markets with a coronavirus plan light on details.

PHOTO: BLOOMBERG

[SINGAPORE] The dollar slid in another seismic shift to price in more US interest rate cuts on Thursday, after President Donald Trump disappointed markets with a coronavirus plan light on details.

The greenback dropped 1 per cent to 103.32 yen, fell as much as 0.6 per cent to US$1.1333...

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