Dollar rules; ECB stimulus boosts bonds but not stocks
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LONDON (Reuters) - The dollar surged on Thursday as extraordinary steps by central banks across the world to stem a coronavirus-induced financial rout saw mixed success, boosting bonds but failing to halt losses in stocks.The dollar gained as investors rushed to secure liquidity, pushing the British pound down 0.9% to its lowest since 1985 and rising 1% against major currencies to its highest since March 2017. Bond markets stabilised somewhat after the European Central Bank pledged late on..