⚠️BREAKING: *U.S. DOLLAR SLUMPS, MARCH RATE HIKE IN QUESTION AS FED LIMITS SVB FALLOUT - $USD
The U.S. Treasury and the Fed had over the weekend announced emergency funding measures for the banking sector, after the sudden collapse and regulatory seizure of SVB last week.
But markets now questioned the scope for further monetary tightening in the U.S., given that more rate hikes are likely to cause more economic damage.
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