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Can the US dollar save the world?
The U.S. dollar rally has much further to run, and could help out countries dealing with excessively low inflation, a report from HSBC argues. The dollar index, which measures the strength of the greenback against the major currencies, has risen near 7 percent this year, amid positive economic data out of the U.S. and increased expectations that as the U.S. Federal Reserve ends its massive bond-buying program, it will hike interest rates. But the rally has only just begun, analysts at HSBC said in a note published this week, who argue the greenback should rein supreme as the world's strongest currency both this year ... (full story)
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