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Stocks slide, dollar mixed before rate calls | The Malaysian Insight

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Stocks slide, dollar mixed before rate calls

US stocks end Tuesday with regional bank stocks logging another day of plummeting values ahead of the Fed’s policy decision. – The Malaysian Insight file pic, May 3, 2023.

EUROPEAN and US stock markets fell yesterday ahead of key interest rate decisions on both sides of the Atlantic this week, and worries about banks continued to haunt investors. Meanwhile, the dollar wobbled against rival currencies as investors positioned themselves ahead of the US Federal Reserve’s announcement today and European Central Bank’s tomorrow.

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