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Dollar Nosedives, Global Markets Tumble

Greenback falls to record lows after Bear buyout, rate cut

By Jason Farago, Newser Staff

Posted Mar 17, 2008 3:55 AM CDT

(Newser) – The dollar took a pummeling and equity markets in Europe and Asia slumped as worried investors reacted to the Bear Stearns fire sale and the Fed's emergency rate cut. The dollar dropped to a shocking 95 yen, hit an all-time low of $1.59 against... Read full story »

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Dollar Nosedives, Global Markets Tumble

Greenback falls to record lows after Bear buyout, rate cut

Bear Stearns • euro • Nikkei • Hang Seng • yen • Asian markets • US dollar • Swiss franc • JPMorgan Chase

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