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Dollar five-year super-cycle is over: Barclays
Rises in U.S. interest rates will probably prop the dollar up over the next 18 months, but its multi-year run higher since 2012 looks to be over, strategists from British bank Barclays said in a note on Thursday. The swifter recovery of U.S. banks and the U.S. economy after the global financial crisis of 2008 have funded a stronger dollar in recent years, firstly against the yen JPY= in 2012 and 2013 and then more broadly from the second half of 2014. But those moves have long been stalling against the euro EUR= and the yen, and a downturn in data - and faith in the economic promises of U.S. President Donald Trump's ... (full story)