DOLLAR SLUMP AFTER THE FEDERAL RESERVE RATE CUT

Highlights:

• The US Federal Reserve cut has cut the interest rate to a target range of 0% to 0.25%.
• The US Federal Reserve will expand its balance sheet by $700 billion in the weeks to come.
• The pressure is on the central banks to take effective measures to restore financial markets.

On Monday, the dollar slump against a broad range of currencies. This happened after the....