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Maroc Maroc - SMH.COM.AU - Business - 19/12/2024 06:49

ASX loses almost $50 billion after Wall Street plunge; $A slumps to two-year low

The Australian sharemarket lost almost $50 billion and the Aussie dollar hit a new two-year low on Thursday, after the US Federal Reserve signalled fewer rate cuts in 2025 than expected.

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