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Dollar's Extended Reign Delivers Stark Wake-Up Call for Markets

(Bloomberg) The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an AlternativeHaving ....

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Dollar's extended reign delivers stark wake-up call for markets | Ruth Carson, Naomi Tajitsu, Carter Johnson & Tania Chen

The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay. Having entered the year predicting the greenback would decline, investors have been forced into a rethink by a red-hot US economy and sticky inflation requiring the… ....

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Asia tracks Wall St losses as US data deals blow to rate cut hopes

Asia tracks Wall St losses as US data deals blow to rate cut hopes
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Yen sinks to new 34-year low against greenback after hot US inflation data

Traders on alert for Japan intervention to prop up the yen. Read more at straitstimes.com. ....

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Asia: Market tracks Wall Street losses as US data deals blow to rate cut hopes.

Asia: Market tracks Wall Street losses as US data deals blow to rate cut hopes.
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