Dollar surges as companies scramble for liquidity during pandemic

NEW YORK (Reuters) - The U.S. dollar surged on Tuesday as companies and investors sought out the most liquid currency on concerns about economic shutdowns from the global spread of the coronavirus.The Federal Reserve on Sunday slashed rates to zero and launched a new bond purchase programme. Other central banks have taken similar measures but the moves have so far failed to stem liquidity strains and market panic.Central banks have also cut pricing on their swap lines to make it easier to..