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USD appreciation amid proposed border tax creates vulnerabilities for some sovereigns
The US dollar is expected to further strengthen in 2017, and the proposed border adjustment tax component of the US corporate tax reform proposal could spur a permanent real appreciation of the US dollar, generating a variety of currency related vulnerabilities for some sovereigns, Moody's Investors Service says in a new report. "Even a partial dollar appreciation could be very large compared to historical movements in the dollar, and pose significant but varied risks for other countries," Elena Duggar, a Moody's Associate Managing Director says. The report "Global Macro Risks -- Sovereigns: Stronger US Dollar and ... (full story)