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Markets are crashing and investors are flocking from everywhere to the safety of the US dollar, regardless of bond yields. The coronavirus panic is exacerbated by President Donald Trump’s failure to provide confidence and by another triggering of circuit breakers on Wall Street.

EUR/USD crashes to 1.1150

GBP/USD below 1.26

USD/JPY tops 105

Gold tumbles below $1,600

— more to come

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