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Federal Reserve takes emergency action and cuts rates to zero The Fed last lowered currency swaps during the European debt crisis in 2011. The move makes borrowing US dollars cheaper for banks around the ...
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Australian dollar slides The local currency plunged to a near 12-year low of 62.13 US cents last ... "Traders (unwound) their positions in funding currencies like the Swiss ...
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Philippine Peso's Haven Status Appears to be Quickly Evaporating The currency was the best-performing Southeast Asian currency last month on the perception the economy wasn't as exposed to supply chain and ...
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