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Barry Eichengreen: Is the dollar about to take a turn?
If the economy and inflation weaken, the Fed is likely to pause and the US currency will reverse direction. The dollar has had a spectacular run, having risen more than 10 per cent against other major currencies since the start of the year. Actually, not a few governments and central banks would prefer the adjective “disastrous”
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Posted: July 26, 2022 Tuesday 12:15 AM