The fate of dollar rests on US election

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Hence its weaponisation of the dollar has not led to widespread reserve diversification that might weaken the currency.

The Fed is apt to respond to the resulting inflation by again raising rates, which would strengthen the dollar.

The dollar rallied by some 5 per cent following Trump’s surprise 2016 victory, they observe.

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Article Details

Author / Journalist: Barry Eichengreen

Category: MarketsFinanceInvesting

Markets: United States

Topics: Dollar Foreign Trump Strong Financial Victory Biden President Fiscal Tariffs Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 10:00:27 (2 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 784 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21440039

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 6 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #3

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