Cash is king as emergency stimulus fails to stop market panic
Share:
SINGAPORE (Reuters) - The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and Australia failed to halt a fresh wave of panic selling."There's no buyers, there's not much liquidity and everyone is just getting out," said Chris Weston, head of research at Melbourne brokerage Pepperstone. Stocks, bonds, gold and commodities fell as the world struggles to contain coronavirus and investors and businesses scramble for hard..