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Dollar plunges and stocks wobble over trade war turmoil

A trader on the trading floor of the New York Stock Exchange. [AFP]

Investors dumped US government bonds, the dollar tumbled, and stocks seesawed Friday, capping a volatile week as President Donald Trump's unpredictable tariff policy rattled market confidence.

Trump triggered a massive market sell-off last week by announcing universal tariffs, and this week, he sparked a huge but short-lived rally by pausing higher duties against scores of countries.

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