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Thursday, April 25, 2024

Decades-high inflation has triggered a ‘reverse currency war’ as a soaring dollar leaves central banks scrambling to catch up

The dollar’s rapid appreciation has central banks around the world engaging in a “reverse currency war” as they battle to keep pace with the Federal Reserve. The Fed has enacted aggressive interest-rate hikes this year in an attempt to rein in inflation that hit more than 40-year highs over the …

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