Dollar Towers Above Rivals, Posing Fresh Threats to Financial Markets

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Dollar Towers Above Rivals, Posing Fresh Threats to Financial Markets
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The dollar’s strength has been a double-edged sword, both inside and outside the U.S.

The U.S.

currency has continued to grind higher this year despite an escalating trade war with China and broadsides from President Trump, who has complained that its strength is constraining growth. Last month, the dollar rose even after the Federal Reserve cut interest rates for the first time in a decade, defying expectations that lower rates would reduce the appeal of U.S. assets...

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