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How the strong U.S. dollar is rippling through the world economy
With the world's finance ministers gathered in Washington this week, one topic is coming up over and over: A surge in the value of the U.S. dollar against most other major currencies is making life complicated for economic policymakers around the world. Why it matters: The flip side of the stronger dollar is weakening in other major currencies, which tends to fuel inflation in countries that have already been struggling to bring price pressures down. • It also makes dollar-denominated debts overseas — especially common in emerging markets — more onerous, essentially throttling economic activity. • It creates ... (full story)